We are purchasing a flat and need a conveyancing solicitor in Jesmond who is on the Nationwide approved panel. Can you recommend a local 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 Nationwide . We don't recommend any particular firms conducting conveyancing in Jesmond.
I am looking to buy a flat and require a conveyancing solicitor in Jesmond who is on the Barclays Direct approved. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays Direct in certain locations such as Jesmond. We dont recommend any particular firm.
Should our conveyancer be asking questions about flooding as part of the conveyancing in Jesmond.
Flooding is a growing risk for conveyancers carrying out conveyancing in Jesmond. There are those who buy a property in Jesmond, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a numerous checks that can be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Jesmond. The conventional set of completed inquiry forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the seller to find out whether the premises has historically flooded. If the property has been flooded in past and is not notified by the vendor, then a purchaser may commence a claim for damages resulting from an misleading reply. The purchaser’s solicitors may also commission an enviro search. This should higlight if there is a recorded flood risk. If so, further investigations will need to be initiated.
How does conveyancing in Jesmond differ for new build properties?
Most buyers of new build property in Jesmond approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Jesmond usually purchase the land, 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 Jesmond or who has acted in the same development.
My uncle has suggested that I use his lawyers for conveyancing in Jesmond. Should I choose my own conveyancer?
Much as we are happy to recommend a Jesmond conveyancing lawyer it’s preferable to find a conveyancing solicitor is to have feedback from friends or relatives who have used the solicitor that you are contemplating using.
Back In 2008, I bought a leasehold flat in Jesmond. Conveyancing and Halifax mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Jesmond who previously acted has now retired. Do I pay?
First contact HMLR to make sure that this person is in fact the new freeholder. It is not necessary to instruct a Jesmond conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I invested in buying a garden flat in Jesmond, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Jesmond with over 90 years remaining are worth £197,000. The ground rent is £55 invoiced every year. The lease ceases on 21st October 2080
With 55 years unexpired we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.