My partner and I are acquiring our first house. Our lawyer has contact usto check if we would like to purchase additional conveyancing searches. Frankly we have no idea as to what's appropriate for conveyancing in Newcastle upon Tyne
The quantity and type of Newcastle upon Tyne conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your familiarity of the area and risks, your general appetite to risk. What matters is that you properly comprehend what information each search could give you. Then you can decide if you personally think you need that search. If unsure, ask the conveyancing practitioner to offer guidance.
We're in Newcastle upon Tyne, First timers purchasing with a mortgage (lender is HSBC , and our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have todayfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Newcastle upon Tyne for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Newcastle upon Tyne conveyancing specialists.
I am purchasing my first flat in Newcastle upon Tyne with a mortgage from Halifax. The sellers refused to budge the amount so I negotiated £7000 of extras instead. The property agent suggested that I not reveal to my lawyer about this side-deal as it may adversely affect my mortgage with the bank. 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.
I opted to have a survey done on a house in Newcastle upon Tyne before appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend refuse to give a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newcastle upon Tyne. Conveyancing will be smoother if you use a solicitor in Newcastle upon Tyne especially if they are accustomed to such properties in Newcastle upon Tyne.
In my capacity as executor for the will of my aunt I am selling a house in Newport but reside in Newcastle upon Tyne. My solicitor (based 300 miles awayneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Newcastle upon Tyne who can attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are based in Newcastle upon Tyne