I have just started taking steps with the aim of transferring my existing standard mortgage to a Buy to Let Virgin Money mortgage. I have been informed by my broker that I need a conveyancer for this. I spoke to my former North Shields conveyancing solicitor who acted on my behalf when I originally bought the property. The pricing estimate supplied of £500 has surprised me as its a refinance than a sale or purchase.
The estimate does seem a little steep. If you are prepared to expend time comparing prices you may be able to trim some of the expense by perhaps £100 plus VAT. That being said, if you were pleased with the legal work the firm gave you mightlive to regret choosing an an untested solicitor. Don't forget to enquire the firm can act for Virgin Money. Do utilise our search tool to choose a North Shields conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in North Shields.
I have Fifty Six years unexpired on my lease and need a lease extension for my apartment in North Shields. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/3/2025 the requirements read as follows :
Various online forums that I have come across warn that are a common reason for obstruction in North Shields conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in North Shields.
It has been 4 months following my purchase conveyancing in North Shields concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £245,000 and identified one near me in North Shields I like with open areas and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in North Shields for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My husband and I are four weeks into a residential purchase having been recommend to solicitors by the local agent to perform conveyancing in North Shields. We are not happy. Can you help me find new solicitors?
A lawyer would have to be really poor to suggest diss instructing them. Has your mortgage offer been sent? If so you must make them aware of the replacement conveyancer and have the mortgage documents are issued to the new lawyers. Your conveyancer should be on the mortgage company approved list to avoid added expenses and complications. So that should be your first question of the new conveyancers. The find a solicitor tool can assist you in finding a lender approved conveyancer for your conveyancing in North Shields