The loan offer from Nationwide for the refinancing of my 2 room apartment is due by the end of next week. Can you propose a low cost conveyancing law firm in Stockton on Tees?
This site is not designed to aid those in pursuit of the lowest fares for conveyancing in Stockton on Tees. We can offer you cost effective conveyancing but our intention is not to work with the cheapest lawyers. Do not be fooled by companies offering the bait of low cost conveyancing in Stockton on Tees. At best, in choosing a lawyer for cheap conveyancing, you will receive what you pay for and at worst you will end up spending a lot in additional fees and still not get the service you were hoping for.
We were just about to sign contracts for a ground floor flat in Stockton on Tees. We encountered a problem. Our loan offer with Santander runs out on 26/1/2026 but the vendors are suggesting a completion date of 28/1/2026. Is it possible to prolong the mortgage expiry date?
The best person to deal with your issue is your solicitors who will determine whether they better off negotiating with the bank, owner’s conveyancers, estate agents or indeed all parties given what has happend in your conveyancing to date.
I purchased a freehold premises in Stockton on Tees but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Stockton on Tees and has limited impact for conveyancing in Stockton on Tees but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My bank has suggested a law firm on their panel based in Stockton on Tees but I would rather instruct a conveyancing lawyer in Stockton on Tees or nearer to where I live. Are you able to help?
The minority of Stockton on Tees conveyancing solicitors are listed all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to choose a Stockton on Tees conveyancing solicitor on the on the lender panel.
My bid for a property was accepted at auction in Stockton on Tees. Conveyancing is required. What happens now?
Given that you have now legally committed yourself to purchase you now have to choose a conveyancing solicitor soon as you will have a pending a fixed date to complete the purchase. An auction property will ordinarily have an associated legal set of papers. This should include evidence of title and search results. In the case of leasehold property the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.
When it comes to lenders such as Nationwide, do Stockton on Tees conveyancers incur a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I currently have a mortgage with Nottingham for my property in Stockton on Tees. Conveyancing was finalised some time ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
Your original mortgage agreement with Nottingham will provide that you need their approval in advance of renting your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. It should not be necessary to do this via a Nottingham conveyancing panel lawyer.
The estate agent has sent us the confirmation of our purchase of a new build flat in Stockton on Tees. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Stockton on Tees
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?