I have given 2 months notice to my existing landlord and have to leave my let out property in Cockfosters by the end of next month. Conveyancing on my purchase is underway. Can I complete in 4 weeks as don't want to have to move into short term accommodation?
Generally one should not serve notice for your letting unless your lawyer suggests that you should. Assuming that you have not previously done so, notify to your solicitor and urge them to they apply pressure on the other lawyers, try to a target completion date that all parties will aim towards
Do conveyancers ask for money up-front for my conveyancing in Cockfosters?
Where you are retaining lawyers for conveyancing in Cockfosters your solicitor will ask you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the sale price then this should be needed immediately prior to contracts are exchanged. Any further balance that is needed should be transferred a couple of days ahead of the day of completion.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Cockfosters?
There are many registered licenced Conveyancers in Cockfosters and Solicitor practices in Cockfosters to choose from It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. Both can handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Is it the case that all Cockfosters conveyancing solicitors on the Bank of Ireland conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
I have paid off my mortgage with RBS. I assume I don't need a Cockfosters solicitor on the RBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
How does conveyancing in Cockfosters differ for newly converted properties?
Most buyers of new build premises in Cockfosters approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Cockfosters typically 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 accustomed to new build conveyancing in Cockfosters or who has acted in the same development.
What does commercial conveyancing in Cockfosters cover?
Non domestic conveyancing in Cockfosters covers a broad range of services, offered by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.