My wife and I are intending to purchase a 1 bedroom apartment in Tynemouth with a mortgage. We like our Tynemouth conveyancer, but the mortgage company advise he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or continue with our Tynemouth solicitor as well as pay for one of their panel lawyers to represent them. This seems very unfair; are we not able to demand that the bank use our Tynemouth property lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Tynemouth conveyancing solicitor to apply to be on the conveyancing panel.
Please could you recommend a The Royal Bank of Scotland approved Tynemouth conveyancing firm finish our home move within a short deadline? Would it be better to use a local Tynemouth conveyancer or a web based firm?
We would be happy to suggest some excellent Tynemouth conveyancing firms. Another option is to visit the high street in Tynemouth. Approach some well established law practices and ask to speak with a conveyancing solicitor for a costs illustration. Explain your time frames together with the reasons and get a commitment on your deadline. Choose the lawyer that genuine.
We are planning to acquire a house and need a conveyancing solicitor in Tynemouth who is on the Nationwide solicitor panel. Can you recommend a local 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 Nationwide . We don't recommend any particular firms conducting conveyancing in Tynemouth.
Just had an offer accepted on a new build flat in Tynemouth. Conveyancing is necessary evil 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 legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Tynemouth
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have just started marketing my ground floor flat in Tynemouth. Conveyancing is yet to be initiated, but I have just had a yearly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal given that all rents and service payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a garden flat in Tynemouth, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Tynemouth with an extended lease are worth £216,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2095
You have 69 years left to run the likely cost is going to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
Been searching for a conveyancing practitioner for freehold sale conveyancing in Tynemouth. I'm selling, simple no mortgage to pay off, no rush, no onward chain. Received an estimate from a conveyancing practitioner for a thousand pounds plus VAT which is a little steep considering its so straightforward. Can I pay less for conveyancing in Tynemouth?
Considering it’s a sale only, £425 + VAT would be about the cheapest for sale conveyancing in Tynemouth.