I am not well enough to travel far from Birtley. Please clarify why all Birtley conveyancing practitioners are not on all lender panels?
Even though it may seem unfair for mortgage companies to limit who can represent them, from the public’s or solicitor’s standpoint, the other side of the coin is that mortgage companies are becoming ever more anxious and regard it crucial to protect them against mortgage fraud. As a consequence of this concern banks are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
Can your site be used to locate a Conveyancing solicitor in Birtley even where I’m not purchasing or disposing of a house, for instance where I wish to buy a shop in Birtley with a loan from Nottingham Building Society?
The service is primarily used to select residential conveyancing solicitors in Birtley but we have listed at the bottom of this page a few Birtley commercial conveyancing firms. You should speak with the company directly to see if they are also authorised to represent Nottingham Building Society
About to place a bid on a leasehold apartment in Birtley. The property agents say that it is normal for flats in Birtley to have less than 75 years unexpired on the lease. I am taking out a loan with Bank of Ireland. Is this going to be a problem if the lease has Seventy One years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/12/2024 the requirements read as follows :
is it true that all Birtley solicitors on the Barclays conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Barclays conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do list licenced conveyancers on their panel in which case such firms would be overseen by the CLC.
I am currently in the process of buying my council flat in Birtley. I have a mortgage agreed with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
I had an offer accepted on a house in Birtley on 1/11/2024, valuation was booked five days after, all came back fine. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm refinancing my existing house to a BTL loan with Virgin Money and I will use the ballance of the raised equity as a down payment on another property. The neighborhood we are looking at is Birtley. Will your solicitors be able to act for both sets of lenders and tie in the conveyances?
Do use our comparison tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are the lawyer will be able to simultaneously deal with the two transactions but you should talk with you solicitor and communicate your expectations and requirements.
I would like to let out my leasehold apartment in Birtley. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Some leases for properties in Birtley do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Birtley Leasehold Conveyancing - Examples of Queries Prior to buying
-
Who takes charge for maintaining and repairing the block? Does the lease include onerous restrictions? How much is the yearly maintenance fee and ground rent?