I'm in the process of transferring my current residential home loan to a Buy to Let Accord Mortgages Ltd mortgage. I have been informed by my broker that I require a conveyancer for this. I spoke to my previous Blyth conveyancing solicitor who dealt with the legals when I previously acquired the house. The fee estimate e-mailed to me of £500 has taken me by surprise as its a remortgage than a sale or purchase.
The charges are a bit high. Where you are happy to spend time comparing charges you could trim some of the cost by as much as £100 plus VAT. That being said, providing that you were happy with the legal work the firm provided you couldlive to rue opting for an a cheaper solicitor. Remember to check the solicitor can also act for Accord Mortgages Ltd. You can utilise our search tool to locate a Blyth conveyancing firm on the Accord Mortgages Ltd member panel, which can often include conveyancing solicitors in Blyth.
Can your site be used to find a Conveyancing solicitor in Blyth even if I’m not buying or selling a house, for instance if I want to acquire an office in Blyth with a mortgage from Virgin Money?
The service is mainly utilised to get a quote from residential conveyancing solicitors in Blyth but we have listed at the bottom of this page a selection of Blyth commercial conveyancing firms. You will need to enquire with the solicitors directly to establish if they are also authorised to represent Virgin Money
I am considering applying for a HSBC mortgage for purchase of a new build (under development) in Blyth with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
In theory, you could use a solicitor that is not on the HSBC conveyancing panel, but HSBC would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I just acquired a property at auction in Blyth. Conveyancing is necessary. What are my next steps?
Now that you are legally committed yourself to purchase you will need to hire the services of a conveyancing practitioner quickly as you now have a fast approaching a drop dead date to complete the property. Every auction property should have a corresponding auction pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to leasehold premises. You should hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in order to complete on the date specified in the contract.
When it comes to lenders such as Virgin Money, do Blyth solicitors face a fee to be on the list of approved solicitors?
We are unaware of any bank fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I am currently in the process of buying my council flat in Blyth. I have a mortgage offer with Coventry BS. Conveyancing is new to me. 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 Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Blyth?
Many commercial conveyancing solicitors in Blyth will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Blyth. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Blyth.
For every commercial conveyancing transaction in Blyth it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Blyth commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Blyth.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Blyth I like with open areas and railway links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Blyth in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.