Do I need to pop into the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Jesmond so that I can pop in to their offices if required.
Nowadays approved lawyers for banks undertake the vast majority of communications through Royal Mail, internet or over the phone. This enables them to carry out the conveyancing transaction no matter where you live in the country. That being said you can check if you can still book an appointment to visit conveyancing lawyer if needed.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Jesmond lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
Completion of my purchase has taken place for my property in Jesmond. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
After shopping around on the internet I have found a Jesmond solicitor having made sure that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Jesmond postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Jesmond.
I have been on the look out for a flat up to £245,000 and found one round the corner in Jesmond I like with open areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Jesmond for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Is it simple use your search tool to get a costs illustration from a conveyancing practitioner in Jesmond on the approved list for my bank?
1st pick a mortgage company such as Barclays , Norwich and Peterborough Building Society or Bank of Ireland then choose your location a common one being Jesmond. Conveyancing organisations in Jesmond and beyond will then be shown.
I’m about to sell my 2 bed apartment in Jesmond. Conveyancing is yet to be initiated, but I have just had a quarterly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal as all rents and maintenance charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I acquired a studio flat in Jesmond, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Jesmond with over 90 years remaining are worth £265,000. The ground rent is £50 invoiced every year. The lease runs out on 21st October 2094
You have 75 years left to run we estimate the price of your lease extension to range between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.