Can I use your services to recommend a Conveyancing solicitor in South Shields even if I’m not purchasing or selling a house, for instance where I wish to acquire a shop in South Shields with a mortgage from TSB?
The service is predominantly used to locate residential conveyancing solicitors in South Shields but we have listed towards the bottom of this page some South Shields commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they are also authorised to represent TSB
It has been 2 months following my purchase conveyancing in South Shields took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.
How does conveyancing in South Shields differ for newly converted properties?
Most buyers of new build residence in South Shields contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because builders in South Shields tend to purchase the land, 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 used to new build conveyancing in South Shields 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 a fortnight ago in what should have been a simple, no chain conveyancing. South Shields is where the house is located. Is there any advice you can give?
Flying freeholds in South Shields are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Shields you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Shields 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 premises.
How easy is it to switch firm as I need to find a firm on the The Mortgage Works conveyancing list. I instructed a high street conveyancing solicitor in South Shields five minutes from me but she is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in South Shields on the The Mortgage Works panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in South Shields. In utilising search facility on this site, you can contrast fees for conveyancing solicitors in South Shields and throughout England and Wales.
In relation to leasehold conveyancing in South Shields what are the most frequent lease defects?
Leasehold conveyancing in South Shields is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain parts of the building A duty to insure the building
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Coventry Building Society, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.
I invested in buying a 2 bed flat in South Shields, conveyancing formalities finalised half a dozen years ago. 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 properties in South Shields with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2094
With only 69 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.