I had intended to instruct a conveyancing solicitor in Boldon for our house purchase. Our broker has since advised us that our mortgage lenders Halifax won't deal with them. Surely this is unduly restrictive?
A lender will require a panel conveyancer act for it. Borrowers are liable to meet the cost of this. Please make use of our directory service to locate a solicitor to conduct conveyancing in Boldon on the Halifax member panel.
My wife and I are buying a property in Boldon. I might seem paranoid but how we can trust a lawyer? On completion day we have to put our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Boldon solicitor firms on the UBS conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do permit licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
We had selected conveyancing lawyers locally in Boldon on the Nottingham solicitor approved list. They have just invoiced me a separate sum for dealing with the Nottingham mortgage. Is this a supplemental conveyancing fee specified by Nottingham?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer is entitled to levy a fee for this. This charge is not set by Nottingham but by your Boldon property lawyer. Numerous firms on the Nottingham panel will levy an ‘acting for lender’ fee and others do not.
I own a renovated Edwardian house in Boldon. Conveyancing solicitor represented me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. Is it worth asking Barclays Direct to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Boldon and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who carried out the work.
Due to the advice of my in-laws I had a survey completed on a property in Boldon before retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some lenders will refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Boldon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Boldon to see if the conveyancing costs will increase in light of this.
I need to appoint a conveyancing solicitor for freehold conveyancing in Boldon. I happened to discover a site which appears to be the ideal solution If it is possible to get all this stuff done via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having had my offer accepted I require leasehold conveyancing in Boldon. Before diving in I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and most are in Boldon - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a garden flat in Boldon, conveyancing formalities finalised November 2002. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Boldon with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease finishes on 21st October 2084
With 58 years remaining on your lease we estimate the premium for your lease extension to range between £22,800 and £26,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.