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Find a Sedgefield Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Sedgefield

My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Sedgefield. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?

Given you intend to re-mortgage then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.

How does conveyancing in Sedgefield differ for new build properties?

Most buyers of new build premises in Sedgefield contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Sedgefield typically buy 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 property lawyers 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 used to new build conveyancing in Sedgefield or who has acted in the same development.

I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Sedgefield is where the house is located. Can you offer any guidance?

Flying freeholds in Sedgefield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sedgefield you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sedgefield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

Are there any apps to assist me to locate a Sedgefield law firm on the Yorkshire Building Society conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the conveyancer.

Feel free to make use of the tool on this website. Please select a lender and your location and you will see a number of Sedgefield conveyancing lawyers locally. We have listed some Sedgefield conveyancing firms towards the end of this page and you can call them to check if they are on the Yorkshire Building Society member panel

What are the common deficiencies that you encounter in leases for Sedgefield properties?

There is nothing unique about leasehold conveyancing in Sedgefield. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:

    Insurance obligations

You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Norwich and Peterborough Building Society, and Nottingham Building Society all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to pull out.

Sedgefield Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying

    Make sure you find out if there are any onerous restrictions in the lease. For instance it is very common in Sedgefield leases that pets are not permitted in certain buildings in Sedgefield. If you love the apartmentin Sedgefield yet your dog is not allowed to move with you then you have a very difficult choice. How much is the yearly service fee and ground rent? Is anyone aware of any major works in the planning that will likely add a premium to the service charges?

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