I am selling my apartment in Sedgefield. Will my property lawyer need to be on the UBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
Have just purchased a repossessed house at auction in Sedgefield. Conveyancing is required. What happens now?
Having exchanged you should choose a conveyancing lawyer quickly as you are faced with a tight a drop dead date to complete the transaction. Every auction property will have an associated auction set of papers. This should include evidence of title and search results. In the case of leasehold premises the auction papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must hand this to the lawyer working for you ASAP. Do make sure that that you have the requisite funding in order to complete the transaction on the set completion date.
After weeks of negotiation I have agreed a price on an apartment in Sedgefield. My mortgage broker recommended their conveyancers. I paid an upfront payment of £200. A few days later, the solicitor called me sheepishly admitting that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have finally had an offer on an apartment in Sedgefield agreed to, the vendors do however have a tied purchase. The sellers have offered on on an apartment, however it’s not yet agreed to, and have viewings of other apartments booked. I have instructed a nearby conveyancing solicitor in Sedgefield. What should be my next step? When should I get the mortgage application with TSB going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then survey, Sedgefield conveyancing search fees, etc). The first thing to do is check that your conveyancer is on the TSB approved list. Concerning the subsequent stages this very much dictated by the uniqueness of your transaction, attraction to the property and on the state of the market. In a hot market some buyers will apply for the mortgage with TSB and pay for the valuation and only if it was satisfactory would they ask their solicitor to move forward with searches.
2 months have gone by since my purchase conveyancing in Sedgefield concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Given that I am about to spend 450k on a garden flat in Sedgefield I would like to have a conversation with the lawyer concerning thehouse move ahead of instructing the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer due to be conducting your property ownership legalities in Sedgefield.There is no ‘factory style conveyancing’ - every client is unique individual, not a case reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Sedgefield should be the figure that you are charged.
Having had my offer accepted I require leasehold conveyancing in Sedgefield. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is registered - and almost all are in Sedgefield - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a studio flat in Sedgefield, conveyancing having been completed in 2001. 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? Comparable properties in Sedgefield with an extended lease are worth £211,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2092
With just 67 years remaining on your lease we estimate the premium for your lease extension to span between £10,500 and £12,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
Why is New Build conveyancing in Sedgefield more costly?
Buying a brand new home is significantly different from the standard house buying conveyancing in Sedgefield. Firstly housebuilders ordinarily need contracts to exchange within a tight deadline, the result being a lot of pressure on your lawyer to make sure everything is in order. In addition new build conveyancing frequently involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.