I am buying a property mortgage free in Newcastle upon Tyne. I have lived for the last dozen years in Newcastle upon Tyne. Conveyancing searches are exorbitant. As I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Newcastle upon Tyne conveyancing searches are optional. Your solicitor will 'advise', no-doubt strongly, that you should have searches completed, but she has a professional duty to do this. One thing to consider; if you are intend to dispose of the house one day, it could be of importance to your future buyer what the searches determine. There are plenty of instances where premises with functional issues can still throw up unexpected search results. A competent conveyancing solicitor in Newcastle upon Tyne will be able to give you some sensible guidance here.
What does my ID and proof of funds have anything to do with my conveyancing in Newcastle upon Tyne? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Newcastle upon Tyne conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill showing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to ascertain not just the identity of conveyancing clients but also the source of the money that they receive in respect of any matter. An unwillingness to disclose this may result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to make a disclosure to the appropriate authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
I am buying a garden flat in Newcastle upon Tyne. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Newcastle upon Tyne you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Newcastle upon Tyne.
How can the Landlord & Tenant Act 1954 affect my business property in Newcastle upon Tyne and how can you help?
The 1954 Act affords security of tenure to commercial tenants, granting the a statutory right to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Newcastle upon Tyne
Should I appoint a Newcastle upon Tyne conveyancing lawyer who is local to the property I am buying? We have a good friend who can deal with the legal work however his firm is located approximately 350kilometers away.
The benefit of a high street Newcastle upon Tyne conveyancing firm is that you can visit the firm to sign paperwork, deliver your ID and apply pressure on them where appropriate. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that must surpass using an unfamiliar Newcastle upon Tyne conveyancing solicitor just because they are local.
I only have 72 years remaining on my flat in Newcastle upon Tyne. I am keen to get lease extension but my landlord is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to prove that you have used your best endeavours to track down the lessor. On the whole a specialist would be helpful to carry out a search and prepare a report which can be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the application to the County Court overseeing Newcastle upon Tyne.
Newcastle upon Tyne Conveyancing for Leasehold Flats - Sample of Queries before buying
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Who takes charge for maintaining and repairing the building? Can you inform me if there are any major works in the planning that could add a premium to the maintenance costs? How many of the leaseholders are in arrears for their maintenance charge payments?