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Find a Blaydon On Tyne Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Blaydon On Tyne

I am helping my mother sell her property in Blaydon On Tyne. Does the solicitor commission an energy assessment or it is for me to coordinate?

Following the demise of Home Packs, EPC’s was kept a mandatory part of selling a property. An energy assessment should be commissioned before the property is marketed. It is not as aspect of the sale process that conveyancers ordinarily arrange. If you are instructing a Blaydon On Tyne conveyancing solicitor they might help arrange EPC’s due to their relationships with reputable Blaydon On Tyne assessors

We expect to receive a AIP from RBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Blaydon On Tyne solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Blaydon On Tyne solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.

Our offer on a property in Blaydon On Tyne has been accepted, but there is a chain. The sellers have put an offer on a property, however it’s not yet tied up, and have viewings of other flats booked. I have selected a local conveyancing solicitor in Blaydon On Tyne. What should be my next step? When should I get the mortgage application with Principality going?

It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then valuation, Blaydon On Tyne conveyancing search charges, etc). The first thing to do is ensure that your property lawyer is on the Principality approved list. As to the subsequent phase this very much dictated by the specifics of your case, motivation for the property and on the state of the market. In a buoyant market the majority of home buyers would apply for the mortgage with Principality and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with searches.

I have recentlybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Blaydon On Tyne for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?

The easiest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Blaydon On Tyne conveyancing specialists.

I opted to have a survey completed on a property in Blaydon On Tyne ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold home.

It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Blaydon On Tyne. Conveyancing will be smoother if you use a solicitor in Blaydon On Tyne especially if they regularly deal with such properties in Blaydon On Tyne.

What does commercial conveyancing in Blaydon On Tyne cover?

Non domestic conveyancing in Blaydon On Tyne covers a wide range of guidance, supplied by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I am a negotiator for a busy estate agent office in Blaydon On Tyne where we have experienced a number of flat sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Blaydon On Tyne conveyancing solicitors. Could you confirm whether the vendor of a flat can initiate the lease extension process for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I bought a garden flat in Blaydon On Tyne, conveyancing was carried out July 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Blaydon On Tyne with a long lease are worth £181,000. The ground rent is £55 invoiced annually. The lease expires on 21st October 2074

With only 50 years unexpired we estimate the price of your lease extension to span between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.

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