I require conveyancing for a flat in a fairly new development (seven years built) in Southgate. The vast majority the properties have already been disposed of. Is it strictly necessary to order conveyancing searches for my conveyancing in Southgate?
A big part of the Southgate legal transfer of property is the conveyancing searches. There are hundreds companies delivering Southgate conveyancing searches, as well direct from the local authority. These are generally termed personal search companies and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
I purchased a freehold property in Southgate yet charged rent, why is this and what is this?
It’s unusual for properties in Southgate and has limited impact for conveyancing in Southgate but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Do I have to attend the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Southgate so that I can pop in to their offices when needed.
Most approved lawyers for lenders carry out the vast majority of communications through the post, e-mail or over phone calls. This enables them to carry out the legal work for your home move no matter where you live in the country. However you should check if you can still book an appointment to visit conveyancing lawyer if you prefer.
How does conveyancing in Southgate differ for newly converted properties?
Most buyers of new build or newly converted property in Southgate come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Southgate usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Southgate or who has acted in the same development.
Is it possible to switch conveyancer as I have to find one who is on the Chelsea Building Society conveyancing panel. I was using a family conveyancing solicitor in Southgate five minutes from me but he is not approved by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Southgate on the Chelsea Building Society panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Southgate. Using search facility on this page, you can scrutinise costs for conveyancing solicitors in Southgate and throughout England and Wales.
Why am I unable to complete our conveyancing in Southgate on May bank holiday?
This is due to the fact that on completion the money will pass between the banks of the buyer and owner’s conveyancer and at present this can only occur on a working day. So you can't complete on a saturday or sunday either.