Finally, a loan agreement from NatWest for the refinancing of my single room garden flat is due within the next few days. Are you able to recommend a cheap conveyancing solicitor in Seaham?
You have come to the wrong site to search for cut-price fees for conveyancing in Seaham. Our intention is to offer value for money conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint brokers offering the bait of £100 conveyancing in Seaham. The optimum outcome, in being led by cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for additional fees and still not receive the service required.
Me and my partner are buying a property in Seaham. I might seem paranoid but how we can trust a solicitor? At some point we will need to put funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to lenders such as Lloyds, do Seaham lawyers incur a fee to be on the conveyancing panel?
We are not aware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Our sealed bid on a semi in Seaham has been accepted, but there is a chain. The sellers have put an offer on a flat, but it’s not yet tied up, and are looking at other apartments booked. I have instructed a nearby conveyancing solicitor in Seaham. What should be my next step? When should I get the mortgage application with HSBC going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then valuation, Seaham conveyancing search fees, etc). The first course of action is to ensure that your property lawyer is on the HSBC conveyancing panel. Regarding the next phase this very much depends on the specifics of your transaction, attraction to this property and on the state of the market. During a hot market many buyers will apply for the mortgage with HSBC and pay for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in Seaham.
In what way does the Landlord & Tenant Act 1954 affect my business property in Seaham and how can you help?
The 1954 Act gives security of tenure to business tenants, giving them the right to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Seaham is one of our many areas of the UK in which our lawyers have offices
I am employed by a reputable estate agent office in Seaham where we have witnessed a few flat sales derailed as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Seaham conveyancing firms. Can you shed some light as to whether the seller of a flat can instigate the lease extension process for the buyer?
Provided that 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 sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 purchaser.
Seaham Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
Is there a share of the freehold? Please note if it is fewer than eighty years it will affect the value of the property. Check with your lender that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out how much this would cost. For most Seahamlease extensions you will be be obliged to have owned the premises for 24 months before you are entitled to extend the lease. What is the yearly maintenance fee and ground rent?
Can a conveyancer remove someone from the title of my home in Seaham ?
Removing or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner