Will commercial conveyancing searches reveal impending roadworks that may affect a commercial property in East Barnet?
Its becoming the norm that commercial conveyancing solicitors in East Barnet will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in East Barnet. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in East Barnet.
For every commercial conveyancing transaction in East Barnet it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to East Barnet commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in East Barnet.
I have todaybeen informed that Stirling Law have been shut down. They conducted my conveyancing in East Barnet for a purchase of a freehold house 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of East Barnet conveyancing specialists.
How does conveyancing in East Barnet differ for newly converted properties?
Most buyers of new build residence in East Barnet contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in East Barnet 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 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 used to new build conveyancing in East Barnet or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in East Barnet prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders will not issue a mortgage on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Barnet. Conveyancing will be smoother if you use a solicitor in East Barnet especially if they are accustomed to such properties in East Barnet.
My nephew is embarking on her first house purchase, he had his mortgage in principle. After the offer was accepted on house we contacted the bank to move forward with his. I was shocked to learn that banks do not accept all lawyer, they need to be on their approved list, is this legal?
Lenders normally restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any East Barnet conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.