I have 7378 less than 75 years remaining on my lease and require a lease extension for my apartment in Boldon Colliery. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/7/2025 the requirements read as follows :
My partner and I are in the process of viewing apartments in Boldon Colliery and I am about to put in an offer. Is it wise to have my solicitor on ‘stand by’? I will be getting a mortgage with Lloyds.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are taking out a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
I have a mortgage with Principality for my property in Boldon Colliery. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Principality?
You must advise Principality before letting out your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel lawyer.
Our sealed bid on a detached house in Boldon Colliery has been accepted, but there is a chain. The sellers have offered on somewhere, however it’s not been accepted yet, and are looking at other flats in the pipeline. I have instructed a high street conveyancing solicitor in Boldon Colliery. What should be my next step? When do I get the mortgage application with Bank of Ireland started?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then valuation, Boldon Colliery conveyancing search charges, etc). The first thing to do is ensure that your lawyer is on the Bank of Ireland approved list. Concerning the next stages this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a rising market the majority of buyers would apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they request their conveyancing practitioner to proceed with the conveyancing in Boldon Colliery.
How does conveyancing in Boldon Colliery differ for newly converted properties?
Most buyers of new build property in Boldon Colliery contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Boldon Colliery usually acquire the real estate, 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 accustomed to new build conveyancing in Boldon Colliery or who has acted in the same development.
Is there anything unique about your site and other online quote calculators for conveyancing in Boldon Colliery?
At this site secure an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Boldon Colliery. Unlike many estate agents and many comparison sites we do not have referral arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the highest kickback, not the best value conveyancing in Boldon Colliery
We're FTB’s - agreed a price, yet the agent informed us that the vendor will only issue a contract if we appoint the agent's chosen conveyancers as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer who is familiar with conveyancing in Boldon Colliery
It is highly unlikely the sellers are driving this. Should the seller desire ‘a quick sale', alienating a genuine purchaser is likely to cause more damage than good. Try to communicate with the owners directly and explain that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your preferred Boldon Colliery conveyancing firm - rather thanthe ones that will give their estate agent a introducer fee or achieve conveyancing targets set by HQ.
What are the frequently found defects that you see in leases for Boldon Colliery properties?
Leasehold conveyancing in Boldon Colliery is not unique. Most leases are individual and drafting errors can result in certain sections are erroneous. The following missing provisions could result in a defective lease:
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Maintenance charge proportions which don’t add up to the correct percentage Insurance obligations
You may encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Chelsea Building Society, and Barclays Direct all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
Leasehold Conveyancing in Boldon Colliery - Examples of Questions you should consider before buying
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This question is useful as a) areas could cause problems for the block as the communal areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the managing agents you will need to have full disclosure Is there a share of the freehold?