My Totteridge lawyer has spotted a difference between the surveyor’s assumptions in the valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Totteridge. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/9/2025, the requirements read as follows :
We are buying a property and the conveyancer has identified Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this really warranted for conveyancing in Totteridge
Unless a prior purchase of the property completed after 12 October 2013 you may take it that solicitors conducting conveyancing in Totteridge to continue to propose a a chancel search and or insurance against a claim.
How does conveyancing in Totteridge differ for newly converted properties?
Most buyers of new build premises in Totteridge come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Totteridge tend to acquire the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Totteridge or who has acted in the same development.
My company is intending to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Totteridge for less than £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Totteridge, including the disposal and purchase of businesses as well as simply premises. If you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. Regarding the fees this will depend on the structure and complexity of the deal. Let us have your contact information or telephone us so that we can furnish you with a fixed commercial conveyancing calculation.
Last April I purchased a leasehold property in Totteridge. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a garden flat in Totteridge. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
You certainly can. We can put you in touch with a Totteridge conveyancing firm who can help.
An example of a Lease Extension case for a Totteridge property is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case was in relation to 1 flat. The unexpired residue of the current lease was 76 years.