Is the fact that my solicitor in Gateshead is not identified on my mortgage company's solicitor panel that there is a problem with the standard of his work?
That is more than likely an incorrect assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Gateshead conveyancing firm and ask them why they are no longer on the approved list for your lender.
Last month we had a mortgage agreed in principle with Santander. Gateshead conveyancing solicitors have been instructed. How long does it take for Santander to forward the offer to the property lawyer?
There is no definitive answer here. Have Santander conducted the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
About to purchase apartment in Gateshead. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Gateshead conveyancing practitioner is on the Skipton conveyancing panel.
At last I have had an offer on a flat in Gateshead agreed to, but there is a chain. The sellers have offered on a property, but it’s not yet tied up, and have viewings of other flats booked. I have chosen a bricks and mortar conveyancing solicitor in Gateshead. What do I do now? At what stage do I apply for the mortgage with TSB?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then valuation, Gateshead conveyancing search fees, etc). First, you should check that your property lawyer is on the TSB conveyancing panel. Concerning the next stages this very much depends on the specifics of your transaction, desire for this property and on the state of the market. During a rising market many purchasers will apply for the mortgage with TSB and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to press on with the conveyancing in Gateshead.
I have been told that property searches are the main reason for obstruction in Gateshead conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Gateshead.
Have completed on a a detached house in Gateshead , how long will it take for the Land Registry to record my ownership? My Gateshead conveyancing solicitor works at snail pace, so I want to check the land registry aspects are addressed.
As far as conveyancing in Gateshead registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timeframes can differ depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any other parties. At present approximately 80% of submission are completed in less than three weeks but occasionally there can be longer delays. Registration is effected once the new owner is living at the property so an expedited registration is not typically primary concern but if there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.
How does conveyancing in Gateshead differ for new build properties?
Most buyers of new build premises in Gateshead contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because new home sellers in Gateshead typically acquire the site, 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 conveyancers 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 Gateshead or who has acted in the same development.
Hoping to buy a property located in Gateshead and I am already nervous. I couldn't find anything specific about Gateshead. Conveyancing will be needed in due course but do you know about the Gateshead area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Gateshead. In the meantime here are some basic statistics that we found