At long last a mortgage offer from Nationwide for the refinancing of my 2 bedroom flat is due by the end of next week. Could you suggest a low cost conveyancing solicitor in Dunston?
You have arrived at the wrong place to search for the cheapest conveyancing solicitors in Dunston. Our aim is to provide cost effective conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing companies offering the bait of £99 conveyancing in Dunston. Optimistically, in going for low cost conveyancing, you will get your money’s worth and at worst you will end up with a hefty uplift in extras and still not receive the service required.
A friend advised me that if I am purchasing in Dunston I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Dunston conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Dunston around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Dunston Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Dunston.
How does conveyancing in Dunston differ for new build properties?
Most buyers of new build residence in Dunston come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Dunston tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Dunston or who has acted in the same development.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Dunston I like with amenity areas and station in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Dunston suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
What type of property do your Dunston conveyancing estimates relate to?
Our conveyancing quotes are only relevant to standard residential property in England & Wales. If you have any different requirements such as industrial or agricultural property or commercial conveyancing in Dunston you should telephone us to address this further .