Our mortgage company has recommended solicitors on their panel based in Jesmond but I would rather choose a conveyancing lawyer in Jesmond or nearer to where I live. Can you assist?
Far from all Jesmond conveyancing solicitors are listed all banks conveyancing panel. Use the above search tool to identify a Jesmond conveyancing solicitor on the on the lender panel.
Is it necessary to take out insurance to address the risk of chancel repairs when purchasing a property in Jesmond?
Unless a previous purchase of the premises completed post 12 October 2013 you could assume that solicitors delivering conveyancing in Jesmond to remain recommending a chancel search and or chancel repair liability policy.
Me and my brother purchased a renovated Georgian property in Jesmond. Conveyancing solicitor acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Jesmond and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who conducted the purchase.
How does conveyancing in Jesmond differ for newly converted properties?
Most buyers of new build property in Jesmond contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Jesmond tend to 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 Jesmond or who has acted in the same development.
My step-father has urged me to instruct his conveyancing solicitors in Jesmond. Should I use them?
There are no two ways about it the best way to find a conveyancing solicitor is to seek recommendations from friends or relatives who have actually previously instructed the conveyancer that you are are thinking of instructing.
My son is just in the process of moving home, he had his mortgage in principle. One the seller agreed the offer on the apartment we contacted the bank to issue the formal offer. We were disappointed to hear that mortgage lenders do not accept all conveyancer, they need to be on their approved list, is this correct?
Lenders tend to imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Jesmond property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.