Find a Houghton Le Spring Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Houghton Le Spring

What does my ID and proof of funds have anything to do with my conveyancing in Houghton Le Spring? Is this really necessary?

Houghton Le Spring conveyancing solicitors and indeed property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to ensure that clients are who they say they are.

Conveyancing clients will need to produce two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill no more than three months).

Confirmation of the origin of monies is also necessary under the money laundering statutes as conveyancers are obliged to ensure that the funds you are using to acquire a property (whether it be the deposit for exchange or the full purchase amount where you are buying mortgage free) has originated from an acceptable source (such as an inheritance) as opposed to the fruits of illegitimate activity.

I have 7378 less than 75 years left on my lease and need a lease extension for my flat in Houghton Le Spring. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/1/2023 the requirements read as follows :

Yes, subject to a minimum lease term of 85 years. The unexpired lease term must be at least the mortgage term plus 45 years. See also 5.14.9

What is the difference between a licensed conveyancer and conveyancing solicitor in Houghton Le Spring

There are many registered licenced Conveyancers in Houghton Le Spring and Solicitor firms in Houghton Le Spring who provide Conveyancing services It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

I am assisting my aunt sell her property in Houghton Le Spring. Will the conveyancer commission the energy performance certificate or should I organise this?

Following the demise of HIPs, energy assessments was kept a mandatory component of moving house. An energy performance certificate must be commissioned before the property is marketed. It is not a task that solicitors normally arrange. Where you are instructing a Houghton Le Spring conveyancing lawyer they might be willing to arrange EPC’s given their relationships with reputable Houghton Le Spring accredited person

When it comes to mortgage companies such as UBS, do Houghton Le Spring conveyancing practitioners have to pay a fee to be on the list of approved solicitors?

We are not aware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.

I am looking for a leasehold apartment up to £245,000 and found one round the corner in Houghton Le Spring I like with a park and station in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Houghton Le Spring for this price, so just wondered if I would be making a mistake purchasing a short lease?

If you require a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

Would local authority consent be required to change a house into two appartments in Houghton Le Spring? This has been done to a house next door to a friend in Houghton Le Spring and was not aware of it happening until the works were finished.

Planning Permission yes. Building Reg Approval yes.

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Neighbouring Locations

South Hylton
Houghton Le Spring
Hetton Le Hole

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