My brother-in-law has suggested I instruct a conveyancing solicitor in Billingham. I need to find out if they are accepted on the TSB approved list of lawyers. Can you assist?
The first thing to do is call your lawyer and ask them whether they can act for the lender. Alternatively you should call TSB who may be able to help.
What can a local search tell me about the property my wife and I buying in Billingham?
Billingham conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Searchflow The local search plays an important role in many a Billingham conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
How does conveyancing in Billingham differ for newly converted properties?
Most buyers of new build or newly converted property in Billingham approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Billingham tend to 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 conveyancing solicitors 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 Billingham or who has acted in the same development.
I opted to have a survey completed on a house in Billingham ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some banks tend not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Billingham. Conveyancing will be smoother if you use a solicitor in Billingham especially if they are accustomed to such properties in Billingham.
I’m about to sell my basement flat in Billingham. Conveyancing is yet to be initiated, however I have just had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is clear the maintenance contribution as you normally would given that all rents and service payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a 1 bedroom flat in Billingham, conveyancing was carried out 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Billingham with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease comes to an end on 21st October 2081
With just 57 years unexpired the likely cost is going to span between £28,500 and £33,000 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Should one as executor remove a departed person's details from the title deeds for a property in Billingham?
Where a Billingham property is co-owned and one of the proprietors passes away, their name will not immediately be removed from the Land Registry title. It is not necessary to amend the title as in the event of a sale your lawyer would simply need to supply proof why the joint proprietor is not included in the conveyance, ordinarily this takes the form of the probate documents.
With the aim of making things smoother for the sale of the property you can arrange to have the deceased party erased from the title register by applying to the land registry with evidence of the death. There is no land registry fee payable.