I was notified yesterday by my mortgage broker that my Gateshead solicitor is not on the bank Solicitor panel. How can I be sure whether this is correct?
You need to call your Gateshead conveyancer. You lawyer should notify you what has happened. If they are not on the panel they may recommend you to a Gateshead conveyancing firm that is on the approved list of lawyers for your bank.
How do I discover of the solicitor handling my conveyancing in Gateshead is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nottingham Building Society thus spending £175.00 in additional conveyancing bill.
You should take advantage of the find a lender approved solicitor tool on this site. Pick the mortgage company and type ‘Gateshead’ or your preferred area and you will discover a number of lawyer based in Gateshead or near you.
We expect to receive a AIP from Clydesdale this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Clydesdale recommend any Gateshead solicitors on the Clydesdale conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Gateshead solicitors independently although you'll need to choose one on the Clydesdale conveyancing panel. The solicitor represents both you and Clydesdale through the process.
I have paid off my mortgage with Kent Reliance. I assume I don't need a Gateshead solicitor on the Kent Reliance panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Kent Reliance mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Kent Reliance mortgage from the register. Kent Reliance, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Gateshead. I have a mortgage agreed with HSBC. 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 have 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 HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
How does conveyancing in Gateshead differ for newly converted properties?
Most buyers of new build residence in Gateshead come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Gateshead usually purchase the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Gateshead or who has acted in the same development.
I am downsizing from my property. My former lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Gateshead if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Gateshead. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Gateshead. Conveyancing advisers have are about to be instructed. Will they explain the issues?
The majority of houses in Gateshead are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Gateshead in which case you should be looking for a Gateshead conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your solicitor will advise you fully on all the issues.
I invested in buying a basement flat in Gateshead, conveyancing formalities finalised in 2006. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Gateshead with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease terminates on 21st October 2076
You have 52 years remaining on your lease we estimate the price of your lease extension to be between £29,500 and £34,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.