We note that you have a post code search directory listing solicitors on the Nottingham conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Boldon Colliery?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Boldon Colliery.
We were going to get a AIP from Barclays this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Boldon Colliery solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Boldon Colliery solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
My fiancee and I are spending time viewing flats in Boldon Colliery and I am about to put in an offer. Should I already have a property lawyer in place at this stage? I will be getting a mortgage with Clydesdale.
It would be prudent to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I am selling my apartment. I had a double glazing fitted in November 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Yorkshire BS are being a right pain. The Boldon Colliery solicitor who is on the Yorkshire BS conveyancing panel is saying indemnity insurance will be fine but Yorkshire BS are requiring a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How does conveyancing in Boldon Colliery differ for newly converted properties?
Most buyers of new build or newly converted property in Boldon Colliery come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Boldon Colliery typically 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 Boldon Colliery or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Boldon Colliery is the location of the property. Can you shed any light on this issue?
Flying freeholds in Boldon Colliery are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Boldon Colliery you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Boldon Colliery may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I only have 72 years unexpired on my lease in Boldon Colliery. I now wish to get lease extension but my landlord is absent. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the freeholder. In some cases a specialist may be helpful to conduct investigations and to produce an expert document to be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s absence and the vesting order request to the County Court overseeing Boldon Colliery.
I inherited a leasehold flat in Boldon Colliery, conveyancing was carried out October 2010. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Boldon Colliery with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease expires on 21st October 2080
With 55 years left to run the likely cost is going to be between £31,400 and £36,200 plus 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 the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Me and my wife are disposing of a Boldon Colliery property we inherited 5 years ago in 2010. I have over 15 years conveyancing experience and, although retired, wish to undertake my own legal work. The purchaser's property lawyer has informed me that their mortgage company will not allow us to do our own conveyancing as they require the funds to be released via a solicitor's bank account.
Mortgage requirements to conveyancing practitioners from all CML members state that If the seller is not legally represented the borrower's lawyers should check whether the lender needs to be told so that a decision can be made as to whether or not they are willing to progress.