We are buying our first house. Our solicitor has contact usto see if we would like to purchase extra conveyancing searches. Frankly we have no idea as to what's relevant for conveyancing in South Shields
The scope of South Shields conveyancing searches should be dictated primarily on the premises, the location, the possibility of any of these risks, your familiarity of the locality and risks, your general approach to risk. What is important is that you properly understand what information each search could give you. Then you can make a decision if you personally think you need that information. Where you are unclear, ask your solicitor to advise.
We are planning to acquire a property and need a conveyancing solicitor in South Shields who is on the Coventry BS approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in South Shields.
Various web forums that I have visited warn that are the number one cause of obstruction in South Shields conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in South Shields.
I own a semi-detached Victorian property in South Shields. Conveyancing practitioner represented me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in South Shields and other locations in 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 check the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in South Shields differ for newly converted properties?
Most buyers of new build residence in South Shields come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in South Shields tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in South Shields or who has acted in the same development.
There are only Sixty One years unexpired on my flat in South Shields. I am keen to get lease extension but my freeholder is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the lessor. For most situations an enquiry agent would be helpful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to proving the landlord’s disappearance and the vesting order request to the County Court covering South Shields.
Leasehold Conveyancing in South Shields - Sample of Questions you should consider before buying
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What restrictions exist in the South Shields Lease? The best form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the leaseholders benefit from being in charge if their destiny and although a managing agent is usually employed if it is bigger than a house conversion, the managing agent retained by the leaseholders. Are there any major works in the near future that could add a premium to the maintenance charges?