We were going to get a OIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Billingham solicitors on the Santander conveyancing panel, or is it better to go independently?
You will need to appoint Billingham solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I have a mortgage with Kent Reliance for my property in Billingham. Conveyancing was finalised some time ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance 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 Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel solicitor.
Completion of my purchase has taken place for my property in Billingham. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I require fast conveyancing in Billingham as I am under pressure to sign on the dotted line in less than 2 weeks. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at liberty not to have searches carried out although no lawyer would advise that you don't. With lots of history conveyancing in Billingham the following are instances of issues that can show up and adversely impact market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
It has been five months following my purchase conveyancing in Billingham took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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.
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At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Billingham. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you select them for your property ownership legalities in Billingham
I have recently realised that I have 68 years left on my flat in Billingham. I need to get lease extension but my landlord is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to prove that you have done all that could be expected to find the freeholder. In some cases a specialist may be useful to conduct investigations and to produce an expert document to be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Billingham.
Leasehold Conveyancing in Billingham - Sample of Questions you should consider before Purchasing
The majority of Billingham leasehold apartments will incur a service charge for maintenance of the block levied on behalf of the landlord. If you purchase the flat you will have to meet this charge, normally quarterly accross the year. This can differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a ground rent for you to pay yearly, this is usually not a exorbitant sum, say about £25-£75 but you should to check it because occasionally it can be many hundreds of pounds. On the whole the cost for major works are not built into the service charges, albeit that a few managing agents in Billingham obliged tenants to contribute towards a sinking fund created for the specific intention of establishing a fund for larger repairs or maintenance. Is there a share of the freehold?