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Find a Billingham Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Billingham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Billingham transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Billingham conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Billingham

My mortgage broker requires my Billingham solicitor’s panel reference for the Nat West conveyancing panel. How do I obtain this. I have called my local Billingham branch but they have not responded to me.

The sensible thing to do is ask for this information from your Billingham property lawyer . They should have a central record lender panel numbers.

As someone unfamiliar with conveyancing in Billingham what’s the number one tip you can give me concerning the house moving process in Billingham

Not many law firms shout this from the rooftops but conveyancing in Billingham and elsewhere in County Durham is often a confrontational process. Put another way, when it comes to conveyancing there is lots of room for friction between you and others involved in the legal transfer of property. E.g., the seller, property agent and on occasion a bank. Selecting a solicitor for your conveyancing in Billingham is a critical decision as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to act in your legal interests and to keep you safe.

Every so often a third party with a vested interest may attempt to persuade you that it is in your interests to do things their way. As an example, the estate agent may claim to be helping by claiming that your conveyancer is slow. Or your mortgage broker may tell you to do something that is against your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

I am buying a new build house in Billingham with a mortgage from Britannia. The builders would not reduce the price so I negotiated 6k of extras instead. The house builders rep told me not reveal to my solicitor about this deal as it may adversely affect my mortgage with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Back In 2000, I bought a leasehold flat in Billingham. Conveyancing and Platform Home Loans Ltd mortgage organised. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Billingham who previously acted has now retired. Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Billingham conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Billingham Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing

    You should be aware that where the lease has fewer than 80 years it will have adverse implications on the value of the property. It is worth checking with your lender that they are content with residual term of the lease. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Billinghamlease extensions you would need to own the property for 24 months in order to be eligible to exercise a lease extension. How many of the leaseholders are in arrears for their maintenance charge payments?

Our lawyer in Billingham has identified a a legal deficiency with the lease for the flat we are buying in Billingham. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that as he is on the bank conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the lender?

Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Billingham conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. These conveyancing instructions must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the bank

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Find out more about how flying freehold can affect your the value of a property.