Do the conveyancing solicitors via your comparison service perform conveyancing in Southgate by way of an attended exchange?
There are a few conveyancing specialists carrying out personalised exchanges. You should call us to obtain a costs illustration and details as to dates.
I own a freehold residence in Southgate but still 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 date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Is it the case that all Southgate solicitors on the Principality conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Principality conveyancing panel they would need to be overseen by the SRA. Some mortgage companies do permit licenced conveyancers on their panel and in such a situation the firms would be overseen by the CLC.
We expect to receive a AIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Southgate solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Southgate solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
Our sealed bid on a semi in Southgate has been accepted, but there is a chain. The vendors have offered on on an apartment, but it’s not been accepted yet, and have viewings of other properties booked. I have chosen a high street conveyancing solicitor in Southgate. What do I do now? At what stage do I apply for the mortgage with Lloyds?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then valuation, Southgate conveyancing search charges, etc). First, you should check that your lawyer is on the Lloyds approved list. Concerning the subsequent stages this very much dictated by the circumstances of your case, motivation for this property and on the state of the market. During a buoyant market some purchasers will apply for the mortgage with Lloyds and pay for the valuation and only if it comes back ok would they request their lawyer to press on with searches.
3 months have gone by since my purchase conveyancing in Southgate completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What makes your site different to alternative web based conveyancing brokers for conveyancing in Southgate?
At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Southgate. Unlike many estate agents and many comparison sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' solicitors that pays the most commission, as opposed to the best value conveyancing in Southgate
My partner has recommend that I use his conveyancers in Southgate. Should I find my own property lawyer?
No doubt the ideal way to choose a conveyancing practitioner is to seek referrals from friends or relatives who have used the solicitor you're are thinking of instructing.