I am buying a new build flat in East Boldon and my lawyer is telling me that she has to the bank to reveal incentives from the seller. I am on a tight deadline to exchange and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I used Arc property Solicitors several years past for my conveyancing in East Boldon. Now, I need my documents but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in East Boldon of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Taking into account that I will soon part with £400,000 on a property in East Boldon I wish to talk to a solicitor regarding thehome move before giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the conveyancer who will be doing your conveyancing in East Boldon.There is no ‘factory style conveyancing’ - each client is unique person, not a file reference. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in East Boldon should be the figure that you are charged.
We're first time buyers - agreed a price, yet the selling agent told us that the seller will only move forward if we use their recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local conveyancer who is familiar with conveyancing in East Boldon
It is highly unlikely the owners are driving this. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to instruct your own,trusted East Boldon conveyancing lawyers - as opposed tothose that will give the estate agent a introducer fee or meet his conveyancing targets demanded by senior management.
I today plan to offer on a house that seems to meet my requirements, at a great price which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in East Boldon. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in East Boldon ?
Most houses in East Boldon are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in East Boldon so you should seriously consider looking for a East Boldon conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your solicitor should appraise you on the various issues.
Leasehold Conveyancing in East Boldon - Sample of Questions you should ask before buying
How long is the Lease? Best to be warned whether window replacement or some other major work is anticipated that will be shared between the leasehold owners and could well materially impact the level of the maintenance fees or necessitate a specific invoice.