I can't travel far from Ponteland. What is the rationale as to why all Ponteland property lawyers are not on all mortgage company panels?

Even though it may seem unfair for lenders to restrict who can represent them, from the public’s or conveyancer’s viewpoint, the the contrary view is that lenders are increasingly anxious and feel it essential to defend themselves against illegal activities. As a result of this concern banks have restricted their panel of approved conveyancing lawyers to a manageable size.

Will commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Ponteland?

Many commercial conveyancing solicitors in Ponteland will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Ponteland. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Ponteland.

For every commercial conveyancing transaction in Ponteland it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Ponteland commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Ponteland.

How does conveyancing in Ponteland differ for new build properties?

Most buyers of new build premises in Ponteland approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Ponteland tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ponteland or who has acted in the same development.

I am looking for a flat up to £305k and identified one close by in Ponteland I like with open areas and railway links nearby, however it only has 52 years on the lease. There is not much else in Ponteland for this price, so just wondered if I would be making a mistake buying a short lease?

Should you require a mortgage that many years will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

How straightforward is it to use the search facility to select a conveyancing lawyer in Ponteland on the approved list for my mortgage?

Step one is to choose a lender such as Lloyds TSB Bank, Skipton Building Society or Alliance & Leicester then type in your location e.g. Ponteland. Conveyancing firms in Ponteland and across England and Wales will then be shown.