We are buying a 3 bedroom apartment in East Boldon with a mortgage. We wish to retain our East Boldon solicitor, however the lender says he's not on their "panel". It appears that we have no option but to instruct one of the lender panel conveyancing practices or keep our East Boldon conveyancer and pay for one of their panel lawyers to represent them. This feels very unfair; are we not able to require that the mortgage company use our East Boldon conveyancer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your East Boldon conveyancing lawyer to apply to be on the conveyancing panel.
About to place a bid on a leasehold flat in East Boldon. The selling agents advise that it is usual for flats in East Boldon to have less than 75 years left on the lease. I am taking out a loan with Chelsea Building Society. Is this going to be acceptable if the lease has Seventy One years to go.
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. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/12/2024 the requirements read as follows :
A colleague advised me that if I am purchasing in East Boldon I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your East Boldon conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about East Boldon around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the East Boldon Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, East Boldon Education with plans and statistics, Local Amenities and other useful information about East Boldon.
I used Stirling Law a few years ago for my conveyancing in East Boldon. I now require my file however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in East Boldon of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey done on a house in East Boldon in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will not grant a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Boldon. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are 18 days into a leasehold purchase having been referred to solicitors by the selling agent to execute conveyancing in East Boldon. We are not happy. Can you you assist me in finding new solicitors?
A conveyancer would need to be really poor in order to consider diss instructing them. Has the loan offer been issued? In the event that it has you will need to make them aware of the replacement lawyer and have the mortgage documents are re-sent. The conveyancer needs to be on the mortgage company approved list to avoid escalating charges and complications. That should be your first question of the new solicitors. Our find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in East Boldon