My fiance’s step-father is a property lawyer. I suspect that I will receive mate’s rates for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Newcastle upon Tyne?
It’s advisable to obtain 3 or more like-for-like conveyancing estimates. Do use our search tool on this page. The charges do vary but the service one can expect are distinct between conveyancers as is true with the vast majority of professional services.
I am helping my aunt sell her flat in Newcastle upon Tyne. Does the solicitor commission the energy performance certificate or should I organise this?
Following the abolition of Home Packs, energy assessments was left as a mandatory element of moving property. An EPC must be to hand in advance of the property being placed on the market. This is not something that lawyers normally arrange. If you are instructing a Newcastle upon Tyne conveyancing lawyer they might be able to arrange EPC’s due to their contacts with long established local energy assessors
Is there a list of Yorkshire BS panel conveyancers in Newcastle upon Tyne on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few mortgage companies make their panel listings viewable over the internet. Where you are in need of a Newcastle upon Tyne conveyancer on the Yorkshire BS please make the most of our tool.
I am buying a property in Newcastle upon Tyne. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As your lender is Virgin Money your lawyer must comply with the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook includes minimum provisions for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease does not meet these conditions. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Newcastle upon Tyne.
I'm buying a new build house in Newcastle upon Tyne benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not reveal to my lawyer about the side-deal as it would adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Newcastle upon Tyne I like with amenity areas and transport links in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Newcastle upon Tyne for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
As co-executor for the estate of my uncle I am selling a property in Cardiff but live in Newcastle upon Tyne. My conveyancer (approximately 235 kilometers awayrequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Newcastle upon Tyne to attest this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are based in Newcastle upon Tyne
Last August I purchased a leasehold flat in Newcastle upon Tyne. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a basement flat in Newcastle upon Tyne, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Newcastle upon Tyne with over 90 years remaining are worth £211,000. The ground rent is £50 levied per year. The lease ends on 21st October 2093
With just 68 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.