Would the conveyancing solicitors identified via your search tool handle attended exchange conveyancing in Tufnell Park?
We do have a number of conveyancing specialists who can conduct 24hr exchanges. You should call us to secure a costs illustration and details as to dates.
We are buying a flat in Tufnell Park. It might be a silly question but how we can trust a lawyer? At some point we have to send our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
The mortgage over my property is with Principality for my property in Tufnell Park. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
Principality must be informed of your intention prior to renting your property as this is likely to be a breach of Principality’s mortgage conditions. It may be that Principality will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel lawyer.
I recently had an offer accepted on a house in Tufnell Park. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an upfront payment of £150. Not long after, the solicitor called me embarrassingly acknowledging that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Will our lawyer be raising questions concerning flooding during the conveyancing in Tufnell Park.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Tufnell Park. Some people will buy a house in Tufnell Park, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to impart advice on flood risk, but there are a various searches that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Tufnell Park. The conventional set of information sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the owner to discover whether the premises has ever been flooded. In the event that the premises has been flooded in past which is not revealed by the seller, then a purchaser could commence a legal claim for losses as a result of such an misleading reply. The purchaser’s lawyers will also order an enviro report. This should indicate whether there is a recorded flood risk. If so, further inquiries should be initiated.
three months have gone by since my purchase conveyancing in Tufnell Park 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 premises 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.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Tufnell Park is the location of the property. What do you suggest?
Flying freeholds in Tufnell Park are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Tufnell Park you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tufnell Park may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are FTB’s - agreed a price, but the property agent has warned us that the owners will only go ahead if we use the agent's preferred lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer used to conveyancing in Tufnell Park
We suspect that the owner is not behind this ultimatum. Should the seller want ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Try to communicate with the owners directly and explain that (a)you are genuine buyers (b)you are ready to progress, with finances in place © you are chain free (d) you intend to proceed fast (e)but you will continue to appoint your preferred Tufnell Park conveyancing solicitors - not the ones that will provide their estate agent a commission or meet his conveyancing targets demanded by HQ.