How up to date is your search tool for Whickham conveyancing solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Whickham conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
We're in Whickham, First time buyers purchasing with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I acquired my apartment on 13 November and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Whickham advises it would be concluded inside ten days. Are properties in Whickham particularly slow to register?
As far as conveyancing in Whickham is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can adjust depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. At present approximately 80% of submission are fully addressed within two weeks but occasionally there can be extensive delays. Registration occurs after the purchaser has moved in to the premises thus 'speed' is not usually top priority but where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
I'm refinancing my primary property to a BTL loan with Norwich and Peterborough Building Society and intend to use the remaining equity towards a second house. The area we are interested in is Whickham. Will your conveyancers be able to act for the two banks and tie in the two deals?
Make use of our search tool on this site to check that the solicitors are approved by both banks. On the basis that they are the lawyer should be able to simultaneously deal with the two deals but you should talk with you conveyancer and make apparent your expectations and needs.
Do you have any advice for leasehold conveyancing in Whickham from the point of view of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Whickham can be bypassed if you get in touch lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation which will be required by the purchasers’ lawyers. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be warry about purchasing a property where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic rather than ongoing. You may think that you are aware of the number of years left on your lease but it would be advisable verify this by asking your solicitors. A purchaser's lawyer will not be happy to advise their client to where the lease term is less than 75 years. It is therefore important at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you have carried out any alterations to the premises would they have required Landlord’s consent? In particular have you installed wooden flooring? Most leases in Whickham state that internal structural changes or installing wooden flooring require a licence from the Landlord acquiescing to such changes. Where you fail to have the consents in place do not contact the landlord without checking with your solicitor first. Some Whickham leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers.
Leasehold Conveyancing in Whickham - Examples of Queries Prior to Purchasing
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What restrictions are there in the Whickham Lease? What is the length of the lease? Its a good idea to discover as much as you can about the company managing the block as they will affect your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to daily issues such as the cleanliness of the communal areas. Enquire of prospective neighbours what they think of their management. Finally, investigate as to the dates that the maintenance charges are due to the appropriate party and specifically what it includes.
I have today had an offer accepted on a leasehold flat in Whickham and the estate agent that we are dealing with suggested his property lawyer. He quoted £900 excluding VAT and 3rd party costs. Does this sound expensive?
Don't just go on 1 estimate. You should obtain like-for-like quotes for your conveyancing in Whickham. Then select one that you are comfortable with and crucially, is on the approved list of the lender that you are sourcing your mortgage from.