We just had an offer accepted to buy with Coventry BS. We have called around locally but am struggling to find a Peterlee conveyancing firm on the Coventry BS panel. Could you help?
Please do make the most of the find a lender approved solicitor tool on this page. Please choose the building society and type Peterlee or your preferred area and you will see numerous conveyancers based in Peterlee or by proximity to you.
I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Peterlee for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Peterlee conveyancing specialists.
I opted to have a survey completed on a property in Peterlee ahead of appointing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some lenders tend not grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Peterlee. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my existing home to a BTL mortgage with Bank of Ireland and I will use the ballance of the raised equity towards further house. The neighborhood we are interested in is Peterlee. Will your conveyancers be able to act for the two lenders and link together the two deals?
Make use of our search tool on this page to ensure that the lawyers are approved by both lenders. Having checked that they are the lawyer should be able to connect the two transactions but you should talk with you solicitor and specify your desired outcome and needs.
What advice can you give us when it comes to finding a Peterlee conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Peterlee conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Peterlee conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
How familiar is the practice with lease extension legislation? How many lease extensions has the firm conducted in Peterlee in the last 12 months?
I inherited a studio flat in Peterlee, conveyancing was carried out in 2005. Can you work out an approximate cost of a lease extension? Equivalent flats in Peterlee with over 90 years remaining are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease runs out on 21st October 2101
With just 80 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.