Is there a search tool that I can use to investigate if the solicitor carrying out my conveyancing in Eaglescliffe is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus spending £175.00 in additional conveyancing fees.
You should take advantage of the search tool on this page. Please choose the lender and type ‘Eaglescliffe’ or your preferred area and you will discover numerous conveyancers based in Eaglescliffe or nearest you.
A colleague suggested that if I am buying in Eaglescliffe I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Eaglescliffe conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Eaglescliffe around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Eaglescliffe.
How does conveyancing in Eaglescliffe differ for newly converted properties?
Most buyers of new build residence in Eaglescliffe come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because builders in Eaglescliffe tend to 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 used to new build conveyancing in Eaglescliffe or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Eaglescliffe in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may refuse to issue a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Eaglescliffe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eaglescliffe to see if the conveyancing will be more expensive.
My husband and I are first time buyers - had an offer accepted, yet the agent told us that the owners will only move forward if we use their recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Eaglescliffe
It is highly unlikely the owners are driving this. If they want ‘a quick sale', alienating a genuine purchaser is counter productive. Bypass the agents and go straight to the sellers and explain that (a)you are motivated purchasers (b)you are ready to progress, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you are going to instruct your own,trusted Eaglescliffe conveyancing lawyers - as opposed tothose that will give the estate agent a kickback or hit his conveyancing figures pre-set by HQ.
I am attracted to a couple of maisonettes in Eaglescliffe which have in the region of fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the saleability of the lease deteriorates and it becomes more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.
Eaglescliffe Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
-
Are any of leasehold owners in arrears of their service charge payments? The prefered form of lease arrangement is if the freehold interest is owned by the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and even though a managing agent is usually retained if it is bigger than a house conversion, the managing agent is directed by the tenants. You will want to discover as much as you can about the company managing the building as they will either make your life much easier or uncomfortable. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to every day issues such as the cleanliness of the common parts. You should not be shy to ask other people what they think of their management. On a final note, find out the dates that you are obliged pay the maintenance charge to the relevant party and specifically how they are spending the funds.