I am in the process of selling my ground floor flat in Jesmond and the estate agent has just e-mailed to advise that the purchasers are changing their conveyancer. The excuse is that the mortgage company will only engage with property lawyers on their approved list. On what basis would a major lender only deal with certain law firms rather the firm that they want to choose for their conveyancing in Jesmond ?
Mortgage companies have always had an approved set of law firms they are content to work with, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Banks point to the increase in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are not going to have any impact on this.
We were just about to sign contracts for a property in Jesmond. We have hit a snag. Our loan offer with Britannia runs out on 7/8/2025 but the sellers are insisting on a completion date of 11/8/2025. Can one extend the loan expiry date?
The person best placed to address this issue is your solicitors who is in a position to calculate if they better off negotiating with the lender, vendor’s lawyers, estate agents or conceivably all three based on the history of your house move as of today.
We are buying a house and the solicitor has referenced Chancel Repair to which the property may be obligated to pay given it’s proximity to the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Jesmond
Unless a prior purchase of the house took place after 12 October 2013 you can assume that conveyancing practitioners handling conveyancing in Jesmond to continue to propose a a chancel search and or chancel repair liability insurance.
I purchased my flat on 3 May and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Jesmond expressed confidence that it would be recorded inside ten days. Are titles in Jesmond particularly slow to register?
There is nothing unique when it comes to conveyancing in Jesmond registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. As of today approximately three quarters of such applications are completed in less than three weeks but some can be subject to longer hold-ups. Registration is effected once the purchaser has moved in to the premises so registration formalities is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build apartment in Jesmond. Conveyancing is a frightening process 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 is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Jesmond
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Should I instruct a Jesmond conveyancing lawyer in close proximity to the house I am purchasing? I have an old university friend who can conduct the conveyancing however her office is over three hundred miles away.
The primary upside of using a local Jesmond conveyancing firm is that you can drop in to execute paperwork, present your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and the majority were impressed that must outweigh using an unknown Jesmond conveyancing lawyer just because they are based in the area.