Our Gateshead lawyer has spotted an inconsistency when comparing the assumptions in the home valuation survey and what is in the legal papers for the property. My solicitor says that he is obliged to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
We are buying a flat and require a conveyancing solicitor in Gateshead who is on the Principality conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Gateshead.
I am assisting my sister sell her property in Gateshead. Does the solicitor order an energy assessment or it is for the owner to coordinate?
After the abolition of Home Information Packs, EPC’s was retained a required part of selling a house. An EPC must be to hand before the property is marketed. It is not a task that law firms normally arrange. Where you are instructing a Gateshead conveyancing practitioner they may be able to arrange EPC’s given their contacts with long established Gateshead energy assessors
I am currently in the process of buying my council flat in Gateshead. I have a mortgage agreed with Aldermore. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
At last I have had an offer on an apartment in Gateshead accepted, the owners do however have an associated purchase. The sellers have placed an offer on on an apartment, but it’s not yet agreed to, and are looking at other flats in the pipeline. I have selected a local conveyancing solicitor in Gateshead. What do I do now? At what point do I apply for the mortgage with RBS?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then valuation, Gateshead conveyancing search costs, etc). First, you must ensure that your lawyer is on the RBS approved list. Regarding the subsequent phase this very much depends on the specifics of your case, motivation for this property and on the state of the market. During a rising market some buyers will apply for the mortgage with RBS and pay for the valuation and only if it was satisfactory would they ask their property lawyer to move forward with the conveyancing in Gateshead.
Will our conveyancer be raising questions about flooding during the conveyancing in Gateshead.
The risk of flooding is if increasing concern for solicitors dealing with homes in Gateshead. There are those who acquire a house in Gateshead, fully aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, but there are a various checks that may be carried out by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Gateshead. The standard information supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the seller to discover whether the property has historically flooded. In the event that the premises has been flooded in past and is not disclosed by the seller, then a buyer could issue a claim for damages as a result of such an misleading response. A purchaser’s solicitors will also conduct an enviro report. This should disclose whether there is a recorded flood risk. If so, additional inquiries should be made.
Just had an offer accepted on a new build apartment in Gateshead. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Gateshead
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
My business partner and I are looking to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering no-move-no charges for commercial conveyancing in Gateshead for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Gateshead, including the sale and purchase of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right solicitor. Regarding the costs this will depend on the structure and nuances of the deal. Please provide us with your details or email so as to enable us to provide you with a detailed commercial conveyancing quote.