I am buying a leasehold flat in North Shields and Tynemouth. My Solicitor is not listed on the mortgage company conveyancing panel. Can I still retain my North Shields and Tynemouth conveyancing solicitor notwithstanding that they are not on the mortgage company panel?
Your options include
- Carry on with your chosen North Shields and Tynemouth property lawyer but your lender will need to use a conveyancing practitioner from their approved list. The net result is additional cost and potential frustration.
- Appoint a fresh property lawyer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your conveyancer to do everything possible to get listed on the bank’s panel of solicitors
The North Shields and Tynemouth conveyancing firm handling our North Shields and Tynemouth conveyancing has uncovered an inconsistency between the information in the valuation report and what is revealed within the title deeds. My lawyer says that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
My lawyer in North Shields and Tynemouth is not on the Lloyds TSB Bank Conveyancing Panel. Can I still continue with my family solicitor even though they are excluded from the Lloyds TSB Bank panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing North Shields and Tynemouth solicitors but Lloyds TSB Bank will need to retain a conveyancer on their panel. This will inevitably rack up the overall legal charges as well as cause frustration.
- Find an alternative solicitor to act in the purchase, remembering to check they are Lloyds TSB Bank approved.
- Try to convince your Lloyds TSB Bank solicitor to attempt to join the Lloyds TSB Bank panel
Just bought a terraced house in North Shields and Tynemouth , What is the estimated time for the Land Registry to register the transfer to my name? My North Shields and Tynemouth conveyancing solicitor has been very slow, so I want to check that my name is registered.
As far as conveyancing in North Shields and Tynemouth is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether there are errors and if the Land registry communicate with any third parties. As of today roughly three quarters of such applications are fully dealt with within two weeks but occasionally there can be longer delays. Registration takes place after the new owner has moved in to the premises therefore post completion formalities is not always top priority but if there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
I opted to have a survey completed on a house in North Shields and Tynemouth prior to appointing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not give a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in North Shields and Tynemouth. Conveyancing will be smoother if you use a solicitor in North Shields and Tynemouth especially if they are accustomed to such properties in North Shields and Tynemouth.
In what way can the Landlord & Tenant Act 1954 impact my business property in North Shields and Tynemouth and how can you help?
The particular law that you refer to provides security of tenure to business leaseholders, granting the a statutory right to make a request to court for a new tenancy and remain in occupation at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. North Shields and Tynemouth is one of the many locations in which our lawyers are located