My lawyer has identified a a problem with the lease for the apartment we are purchasing in Blaydon On Tyne. The other side have offered title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that he must check that the bank is willing to move forward with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. The appropriate lender requirements must be adhered to.
Can your site be used to locate a Conveyancing solicitor in Blaydon On Tyne even where I’m not purchasing or disposing of a house, for example where I intend to acquire an office in Blaydon On Tyne with a mortgage from Barclays ?
The service is mainly there to help choose residential conveyancing solicitors in Blaydon On Tyne but we have listed at the bottom of this page a few Blaydon On Tyne commercial conveyancing firms. You will need to speak with the firm directly to see if they are also authorised to represent Barclays
I am helping my mother sell her house in Blaydon On Tyne. Will the solicitor arrange the energy performance certificate or do I organise this?
Following the demise of Home Packs, EPC’s was left as a compulsory component of selling a house. An EPC must be to hand before the property is put on the market. It is not a task that lawyers normally organise. If you are using a Blaydon On Tyne conveyancing lawyer they might be willing to arrange energy assessments due to their relationships with long established Blaydon On Tyne energy assessors
I have paid off my mortgage with Santander. I assume I don't need a Blaydon On Tyne conveyancer on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander 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 Santander mortgage from the register. Santander, 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 Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
I recently had an offer accepted on an apartment in Blaydon On Tyne. My financial adviser recommended their conveyancers. I paid an advanced payment of £225. Shortly after, the lawyer contacted me sheepishly admitting that they were not on the UBS 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 UBS 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.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Blaydon On Tyne I like with amenity areas and transport links nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Blaydon On Tyne in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I was advised by numerous estate agents in Blaydon On Tyne to locate a property lawyer using your seach tool. What’s the financial upside for Estate Agents to market your services over and above a competitor’s?
We refuse to make any commission for directing people to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My solicitors in Blaydon On Tyne have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the bank. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.