I just acquired a property at auction in Shiremoor. Conveyancing is needed. What is next?
Having exchanged you will need to choose a conveyancing solicitor soon as you now have a tight deadline in which to complete the transaction. Every auction property will have an associated auction pack. This will likely include most,if not all of the paperwork that your solicitor requires. In the case of leasehold property the legal pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You need to give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
I am buying a property in Shiremoor. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
As your lender is Nationwide your lawyer must comply with the formal requirements set out in Part two of UK Finance Lenders’ Handbook for Nationwide. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and lawyers are required to report to Nationwide where a lease fails to comply with these requirements. The conditions relate to the installation of panels on properties countrywide and is not limited to Shiremoor.
I have decided to exercise my right to buy my property in Shiremoor off the council. I have a mortgage agreed with Nottingham. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
I have a terraced Georgian property in Shiremoor. Conveyancing practitioner represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shiremoor and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing solicitor who conducted the conveyancing.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Shiremoor I like with open areas and station in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Shiremoor in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
How straightforward is it to use your search app to select a conveyancing lawyer in Shiremoor on the panel for my lender?
1st select a mortgage company such as National Westminster Bank, Coventry Building Society or Godiva Mortgages Ltd then choose your location such as Shiremoor. Conveyancing firms in Shiremoor and beyond will then be listed.
In my capacity as executor for the will of my father I am disposing of a residence in Neath but I am based in Shiremoor. My lawyer (approximately 260 kilometers from merequires that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Shiremoor who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are located in Shiremoor
Some months ago I was informed by my mortgage company that their panel conveyancers work on no sale no charge basis for conveyancing in Shiremoor. Our purchase fell through yet the solicitors have requested search fees! They say the fees are seperate!
Shiremoor conveyancing search costs are disbursements not solicitors fees as these are payable to a third party.