lenderpanel

Find a Redcar and Cleveland Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Redcar and Cleveland? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Redcar and Cleveland transaction at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Redcar and Cleveland conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Redcar and Cleveland

What does my ID and proof of funds have anything to do with my conveyancing in Redcar and Cleveland? Is this really necessary?

In order to comply with Money Laundering Regulations any Redcar and Cleveland conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account evidencing where you live.

Under Money Laundering Regulations, conveyancers are obliged by law to validate not simply the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. Refusal to disclose this may result in your solicitor cancelling their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers are duty bound to notify the appropriate authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.

Is there a list of Kent Reliance panel solicitors in Redcar and Cleveland on the Building Society Association’s Website?

Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings viewable on the web. If you are in need of a Redcar and Cleveland solicitor on the Kent Reliance please use our tool.

I am purchasing a property in Redcar and Cleveland. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?

Given that your lender is Co-operative your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and solicitors are required to report to Co-operative where a lease fails to meet these requirements. The specifications relate to the installation of panels on properties nationwide and is not limited to Redcar and Cleveland.

After what feels like an age I have had an offer on a flat in Redcar and Cleveland agreed to, the owners do however have a connected purchase. The sellers have offered on somewhere, but it’s not been accepted yet, and have viewings of other properties in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Redcar and Cleveland. What should be my next step? When do I get the mortgage application with Barclays going?

It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of one thousand pounds, then valuation, Redcar and Cleveland conveyancing search fees, etc). The first thing to do is check that your lawyer is on the Barclays approved list. Concerning the next steps this very much dictated by the specifics of your case, attraction to the property and on the state of the market. In a rising market some home buyers will apply for the mortgage with Barclays and pay for the valuation and only if it comes back ok would they ask their conveyancing practitioner to press on with the conveyancing in Redcar and Cleveland.

I have a semi-detached Georgian house in Redcar and Cleveland. Conveyancing solicitor represented me and Britannia. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?

You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Redcar and Cleveland and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing lawyer who conducted the work.

I have been recommended by a number of selling agents in Redcar and Cleveland to find a solicitor on your site. Is there a financial inducement for Estate Agents to recommend your site rather than alternative conveyancing organisations?

We don’t make any financial incentive for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

I am employed by a reputable estate agent office in Redcar and Cleveland where we have witnessed a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Redcar and Cleveland conveyancing firms. Could you confirm whether the owner of a flat can instigate the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Redcar and Cleveland Leasehold Conveyancing - Examples of Questions you should consider before buying

    What is the annual service fee and ground rent? You should be aware if it is less than eighty years it will impact the marketability of the apartment. Check with your bank that they are content with residual term of the lease. A short lease means that you will almost definitely have to extend the lease at some point and it is worth discovering how much this would cost. Remember, in most cases you will need to own the premises for two years in order to be legally able to extend the lease. The majority of Redcar and Cleveland leasehold flats will have a service bill for maintenance of the block levied on behalf of the management company. Where you acquire the apartment you will have to pay this amount, normally periodically throughout the year. This may be anything from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a ground rent to be met annual, this is usually not a significant figure, say about £50-£100 but you need to check it because sometimes it could be surprisingly expensive.

Last updated

Neighbouring Locations

Hartlepool
Redcar
Redcar and Cleveland
Great Ayton
Ormesby
Nunthorpe
Guisborough
Marske and Upleatham

Find out more about how flying freehold can affect your the value of a property.