At long last a mortgage agreement from NatWest for the refinancing of my 2 room apartment is expected by the end of next week. Are you able to propose a low cost conveyancing solicitor in Bishop Auckland?

You have come to the wrong site to search for a cheap conveyancing in Bishop Auckland. Our intention is to offer excellent value conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by companies seducing you with £99 conveyancing in Bishop Auckland. At best, in being led by low cost conveyancing, you will get your money’s worth and at worst it will result in you with a hefty uplift in extras and still not get the service required.

In what way does my ID and proof of funds have anything to do with my conveyancing in Bishop Auckland? What am I being asked for?

Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms of Engagement that you need to sign should confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to hand over identification documents, your lawyer will not be able to take you on as a client.

It has been 4 months since my purchase conveyancing in Bishop Auckland took place. I have checked the Land Registry website which shows that I paid £175,000 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 premises 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.

I am hoping to complete next month on a basement flat in Bishop Auckland. Conveyancing solicitors assured me that they will have a report out to me on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Bishop Auckland should include some of the following:

Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Details of the parties to the lease, for example these could be the lessee, superior lessor, landlord if lease has a provision for a reserve account for major repairs? Ground rent - how much and when you need to pay, and be on notice if this is subject to change Where does the liability rest for repairing the window frames

I inherited a split level flat in Bishop Auckland, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Bishop Auckland with a long lease are worth £181,000. The ground rent is £55 invoiced annually. The lease runs out on 21st October 2075

With just 51 years left to run we estimate the premium for your lease extension to span between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

Why is it not possible to complete our conveyancing in Bishop Auckland on a public holiday?

Because on completion the funds will be transferred electronically between the banks of the buyer and seller's solicitor and currently this can only happen on a business day. So you can't complete on a saturday or sunday either.