Me and my husband are purchasing property in South Shields. My Solicitor is not listed on the mortgage company approved list. Am I still permitted to retain my South Shields conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?
You will need to have a conveyancing practitioner to deal with the formalities when you take out a loan to purchase your home. The lawyer will conduct all the appropriate investigations on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One could appoint a South Shields conveyancer of your choosing. However, where the conveyancer appointed is not on the bank solicitor panel supplemental charges will be levied as separate legal representation will be need by the mortgage company. Bank panel applications may be submitted, so if your conveyancer has not in the past applied for membership they should do so.
My wife and I own a renovated Edwardian property in South Shields. Conveyancing practitioner acted for me and Santander. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Santander to clarify?
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 South Shields and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who conducted the purchase.
I am buying a new build apartment in South Shields. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in South Shields
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I'm remortgaging my primary house to a BTL mortgage with Chelsea Building Society and I will use the rest of the raised equity as a down payment on another house. The neighborhood we are interested in is South Shields. Will your solicitors be able to act for both sets of mortgage companies and link together the transactions?
Do use our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor should be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and communicate your desired outcome and requirements.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in South Shields. Conveyancing advisers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in South Shields ?
Most houses in South Shields are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in South Shields so you should seriously consider looking for a South Shields conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should advise you fully on all the issues.