Find a Lender-Approved Local Conveyancer in Sedgefield

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Our lawyers are committed to delivering the best property conveyancing to Sedgefield vendors and purchasers

Reasons to use our Sedgefield conveyancing solicitors

  • 1 Cut price packages from online conveyancers might be tempting. However, these firms are often located hundreds of miles away with limited understanding of the factors that impact property transactions in Sedgefield
  • 2 Sedgefield lawyers have a crucial advantage when it comes to Sedgefield conveyancing as they have important local knowledge of local authority requirements, planning policies and other issues that will impact your sale or purchase
  • 3 Chances are that the other side’s lawyers are located in Sedgefield - if so sets of conveyancers are likely to have worked on conveyancing matters in the past
  • 4 Sedgefield conveyancers work in conjunction with Sedgefield estate agents, developers, surveyors, mortgage companies and other professionals to make sure that a quality service is provided to buyers and sellers every step of the way, offering all the advice and help you need
  • 5 The hallmark of our conveyancing solicitors in Sedgefield is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by large estate agency chains) often falls short of the level of professionalism you will expect.

Examples of recent conveyancing in Sedgefield since April 2024*

Recently asked questions about conveyancing in Sedgefield

Am I correct in assuming that the fact that my conveyancer in Sedgefield is not listed on my lender's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?

It would be unwise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Sedgefield conveyancing practice and ask them why they are no longer on the approved list for your bank.

Is it realistic for conveyancing in Sedgefield to be concluded in under two weeks?

In a situation where you are under pressure to sign contracts it is advisable to make sure that your solicitor is familiar with the area as they will make use of local relationships and knowledge. It is even conceivable that they may have conducted previousproperties in the same neighbourhood. Therefore consider using a Sedgefield conveyancing firm. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Sedgefield conveyancing transactions are frustrated or derailed after finding out that a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the conveyancing being delayed by as much as three weeks. It is claimed that this issue impacts approximately 100,000 home sales annually. Almost all Sedgefield conveyancing firms can not act for certain mortgage companies so do check as early as possible.

Should conveyancers ask for money up-front when it comes to conveyancing in Sedgefield?

Where you are retaining lawyers for conveyancing in Sedgefield your solicitor will ask you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the purchase price then this will be needed shortly ahead of exchange of contracts. The closing balance that is due should be transferred a couple of days prior to the completion date.

I am due to move home in September. Does my conveyancing solicitor update the removal company on the completion day. On a separate note, can you suggest a removal company in Sedgefield. Conveyancing firm was found prior to coming across your site.

On the day of completion you can pick up the keys from your selling agent but this can only take place when the previous owners lawyers inform the agent that the monies to complete are in and the keys can be passed over. Subsequently you can tell the removal company that they can start moving you in. We do not suggest a specific removal company but can assist you in choosing a residential property solicitor in Sedgefield or a firm with expertise in conveyancing in Sedgefield.

I am buying a property in Sedgefield. A rare aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

As you are obtaining a mortgage with Kent Reliance your lawyer must check the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The CML Handbook includes minimum specifications for solar panel roof-space leases, and solicitors are required to report to Kent Reliance where a lease fails to satisfy these conditions. The requirements relate to the installation of panels on properties countrywide and is not limited to Sedgefield.

I have a mortgage with Nationwide for my property in Sedgefield. Conveyancing has been completed some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Nationwide?

You must advise Nationwide in advance of letting out your property as this is likely to be a breach of Nationwide’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. It should not be necessary to do this via a Nationwide conveyancing panel lawyer.

I need to instruct a conveyancing solicitor for residential conveyancing in Sedgefield. I've land on a site which seems to have the ideal solution If it is possible to get all formalities completed via phone that would be ideal. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am employed by a busy estate agent office in Sedgefield where we have experienced a few flat sales derailed due to short leases. I have received contradictory information from local Sedgefield conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Sedgefield Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying

    It is important to be aware whether a new roof is being installed or some other major work is due in the foreseeable future that will be shared between the leasehold owners and will dramatically impact the level of the maintenance charges or require a specific invoice. Many Sedgefield leasehold properties will incur a service bill for the upkeep of the building invoiced by the management company. Should you purchase the property you will have to meet this charge, normally periodically during the year. This may be anything from several hundred pounds to thousands of pounds for bigger purpose-built buildings. In all likelihood there will be a ground rent for you to pay annual, this is usually not a significant figure, say about £50-£100 but you need to check it because occasionally it can be surprisingly expensive. The best form of lease structure is a share of the freehold. In this arrangement the leaseholders have control and even though a managing agent is frequently retained where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves.

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Purchase conveyancing in Sedgefield almost always involves the following:

  • Solicitor instructed by the purchaser once the offer has been accepted
  • Investigating the title unregistered or registered
  • Ordering Sedgefield property searches for the property
  • Considering the draft contract pack and other papers received from the seller’s lawyer
  • Raising queries with the vendor’s lawyer
  • Negotiating the purchase contract
  • Examining replies provided by the owner to pre-contract enquiries
  • Agreeing the wording for the Transfer Deed for completion
  • Guiding the purchasing in respect of the loan offer: (where appropriate)
  • Drafting and sending the purchaser a report on title (that is; summarising to the purchaser on the contents of the contract pack, pre-contract enquiries and the result of the searches)
  • Proceeding to exchange of contracts and then completion formalities
  • Preparing and submitting to HM Revenue and Customs the correct stamp duty forms and payment
  • Registering the new ownership and the mortgage (if relevant) at the HMLR.

disposing of a home in Sedgefield is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process.

  • Conveyancer instructed by the owners once the offer has been accepted
  • Investigating the title to the property
  • Preparing contract and related documents
  • Submitting draft papers to the conveyancer acting for the purchaser
  • Finalising the wording for contracts and answering supplemental questions from the purchaser’s conveyancer
  • Agreeing the transfer document
  • Replying to requisitions submitted by the purchaser’s conveyancer
  • Proceeding to exchange of contracts and then completion of the sale
  • Accepting the sale proceeds and transferring funds to the vendor, the estate agent and other relevant parties (where relevant)

Sedgefield commercial property solicitors provide expert offering advice on a variety of aspects of commercial property law

    Commercial development (from overage and options through to site acquisitions and construction) Subletting, licences and sharing occupation Offices, retail or industrial units Property realisations and advice for insolvency practitioners Hotels, public houses and restaurants Property due diligence in connection with corporate acquisitions and disposals

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.