Can you vouch for a Santander allowed Monkseaton conveyancing firm finish our home move within 10 days? Am I best advised to unstruct a high street Monkseaton solicitor or an online comparison site?
We would be happy to suggest some excellent Monkseaton conveyancing firms. You can also walk up the high street in Monkseaton. Go in to two or three law practices and request to see a conveyancing solicitor for a costs illustration. Discuss your requirements together with your reasons and ask for an assurance on your deadline. Select the lawyer that you trust.
I am expecting a AIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Monkseaton solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Monkseaton solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
Yorkshire BS have agreed my mortgage in principle, my bid on a flat in Monkseaton has been accepted, what are the next steps?
The property agent will need to know who your solicitors are (make sure the solicitors are on the bank’s panel). Contact Yorkshire BS or the broker and finish off any relevant forms. Yorkshire BS will instruct a valuer who will get in touch with the estate agent or seller to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average ten days to get a mortgage offer. Yorkshire BS will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Monkseaton.
After what seems like an age I have had an offer on a flat in Monkseaton agreed to, but there is a chain. The sellers have placed an offer on a flat, but it’s not yet agreed to, and have viewings of other flats in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Monkseaton. What should be my next step? At what stage do I apply for the mortgage with Leeds Building Society?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, Monkseaton conveyancing search charges, etc). The first course of action is to check that your conveyancing practitioner is on the Leeds Building Society approved list. As to the subsequent stages this very much dictated by the specifics of your case, attraction to the property and on the state of the market. In a buoyant market the majority of purchasers would apply for a home loan with Leeds Building Society and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with the conveyancing in Monkseaton.
five months have elapsed since my purchase conveyancing in Monkseaton took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Monkseaton is the location of the property. What do you suggest?
Flying freeholds in Monkseaton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Monkseaton you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Monkseaton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
One month into buying a property in Monkseaton. Conveyancing lawyer has called to say the title is "Leasehold". Should this impact the salability of the property?
Monkseaton conveyancing does not in most situations involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the value significantly.
On the flip side, if it's, say, Sixty years it is bound to have a adverse effect on the saleability, and probably wouldn't be acceptable to the lender. The remaining lease term and ground rent will be set out in the lease to be supplied to your conveyancing practitioner.