Find a East Boldon Conveyancing Solictior on Your Lender’s Panel

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

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

Recently asked questions about conveyancing in East Boldon

Having been suggested to visit your site we were about to go ahead with a conveyancing solicitor in East Boldon listed using your search tool but have come across some other fee calculations on the internet look less pricey – why is this?

One can find a variety of solicitors advertising what appear to be very low prices. We suggest that you give due consideration as to how important this transaction is to you that you are willing to be penny wise pound foolish concerning the standard of the conveyancing. Some embed additional charges well inside the terms of business. The law firms that we put forward for conveyancing in East Boldon neverdo this.

I am the registered owner of a freehold property in East Boldon yet invoiced for rent, why is this and what is this?

It’s unusual for properties in East Boldon and has limited impact for conveyancing in East Boldon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.

How does conveyancing in East Boldon differ for newly converted properties?

Most buyers of new build or newly converted property in East Boldon approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in East Boldon usually purchase the land, 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 conveyancers 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 used to new build conveyancing in East Boldon or who has acted in the same development.

I decided to have a survey carried out on a property in East Boldon in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend refuse to give a mortgage on such a property.

It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in East Boldon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in East Boldon to see if the conveyancing will be more expensive.

Our lenders have just issued us with a mortgage offer. We are using a reputable conveyancer in East Boldon last week. A couple of hours ago, our broker called to say that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the lender had a say Is this usual?

You can actually select any lawyer you want to use including the said conveyancer in East Boldon but if they are not on the your lender's approved list you would have to fork out additional cost so the bank can instruct their own solicitors as well to protect their interest. sometimes it is possible your solicitor may apply to get added to the mortgage company list of approved firms. You can use internet tools such as lenderpanel.com to find a conveyancing solcitor in East Boldon on the lender panel. You can go into your high street lender branch in East Boldon. They will know some good conveyancing solicitors in East Boldon on the panel for your lender.

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