We are soon to exchange on the purchase of a property in Newcastle upon Tyne but as a consequence of damage from some water damage at the property I have was able negotiate compensation from the seller in the sum of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract but Bank of Ireland will not agree to this. Why were they notified?
Any property lawyer being on the Bank of Ireland conveyancing panel is duty bound to advise Bank of Ireland of any amendments to the sale price. If you prohibit your property lawyer to notify the reduction to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new property lawyer for your conveyancing in Newcastle upon Tyne.
The Newcastle upon Tyne conveyancing firm that just started acting on my purchase in Newcastle upon Tyne have without warning closed. They were on acting for me because I needed a lawyer on the Virgin Money conveyancing panel and my previous Newcastle upon Tyne lawyer was not. I paid them funds on account. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I used Action Conveyancing several years past for my conveyancing in Newcastle upon Tyne. I now require my papers 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 Newcastle upon Tyne of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the encouragement of my in-laws I had a survey completed on a house in Newcastle upon Tyne prior to appointing solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some banks tend not give a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Newcastle upon Tyne. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Newcastle upon Tyne cover?
Non domestic conveyancing in Newcastle upon Tyne incorporates a wide array of guidance, offered by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.