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Find a Stockton on Tees Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Stockton on Tees conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Stockton on Tees

My house in Stockton on Tees is up for sale and I have accepted an offer. Will the property lawyer need to be required to be on the Bank of Ireland conveyancing panel in order to deal with the discharge of my mortgage?

Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.

I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Stockton on Tees is where the house is located. Can you offer any guidance?

Flying freeholds in Stockton on Tees are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stockton on Tees you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stockton on Tees may ascertain 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 property.

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

First pick a lender such as National Westminster Bank, Bank of Scotland or Britannia then choose your location a common one being Stockton on Tees. Conveyancing firms in Stockton on Tees and across England and Wales will then be identified.

We're novice buyers - agreed a price, but the estate agent advised that the vendor will only issue a contract if we appoint their chosen conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Stockton on Tees

We suspect that the owner is not behind this request. Should the seller desire ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are serious purchasers (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Stockton on Tees conveyancing firm - not the ones that will earn the negotiator at the agency a introducer fee or meet his conveyancing figures set by HQ.

I am a negotiator for a long established estate agent office in Stockton on Tees where we have experienced a few flat sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Stockton on Tees conveyancing firms. Could you clarify whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?

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 buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.

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 buyer.

I bought a garden flat in Stockton on Tees, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Stockton on Tees with an extended lease are worth £185,000. The ground rent is £65 invoiced annually. The lease ends on 21st October 2085

With only 61 years remaining on your lease we estimate the premium for your lease extension to range between £18,100 and £20,800 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.

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