We are buying a property in County Durham. It might be a silly question but how we can trust a lawyer? At some point we have to send funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
The formalities of my purchase has taken place for my property in County Durham. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
About to purchase apartment in County Durham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the County Durham conveyancing practitioner is on the Bank of Ireland conveyancing panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in County Durham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in County Durham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a ground for flat up to £305k and found one near me in County Durham I like with a park and transport links in the vicinity, however it only has 61 years on the lease. There is not much else in County Durham suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I have been pointed in your direction by a number of estate agents in County Durham to find a property lawyer using your seach tool. Is there a financial upside for Estate Agents to market your lawyers rather than alternative conveyancing organisations?
We refuse to make any financial incentive for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it best to go with a County Durham conveyancing practitioner who is local to the property I am purchasing? We have a good friend who can perform the conveyancing however her office is 200kilometers drive away.
The benefit of a local County Durham conveyancing firm is that you can visit the firm to sign paperwork, present your identification documents and apply pressure on them where appropriate. Having local County Durham know how is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were content that should trump using an unfamiliar County Durham conveyancing solicitor solely due to them being based in the area.