It is 10 years ago since I acquired my property in Stockton on Tees. Conveyancing lawyers have now been appointed on the sale but I am unable to find the deeds. Will this cause complications?
Don’t worry too much. First there is a chance that the deeds will be with your lender or they may stored with the conveyancers who oversaw the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Stockton on Tees involves registered property but in the rare situation where your property is unregistered it is more problematic but is resolvable.
What is the difference between a licensed conveyancer and conveyancing solicitor in Stockton on Tees
There are two types of lawyers who can execute conveyancing in Stockton on Tees namely licenced conveyancers or solicitors. The two can provide conveyancing services that required to complete the disposal or acquisition of property. They are both obliged to perform Stockton on Tees conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be properly administered and that the requisite steps will be appropriately attended to.
I have paid off my mortgage with Nottingham. I assume I don't need a Stockton on Tees lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
My sealed bid on a detached house in Stockton on Tees has been agreed to, but there is a chain. The owners have offered on somewhere, but it’s not yet agreed to, and have viewings of other apartments booked. I have chosen a nearby conveyancing solicitor in Stockton on Tees. What should be my next step? When should I get the mortgage application with Nottingham started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then valuation, Stockton on Tees conveyancing search fees, etc). First, you must ensure that your conveyancing practitioner is on the Nottingham approved list. As to the subsequent phase this very much depends on the circumstances of your case, attraction to this property and on the state of the market. During a rising market some buyers would apply for the mortgage with Nottingham and arrange for the valuation and only if it was satisfactory would they request their conveyancing practitioner to press on with the conveyancing in Stockton on Tees.
Due to the advice of my in-laws I had a survey completed on a house in Stockton on Tees before instructing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies may not grant a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stockton on Tees. Conveyancing will be smoother if you use a solicitor in Stockton on Tees especially if they regularly deal with such properties in Stockton on Tees.
I was pointed in your direction by a number of selling agents in Stockton on Tees to get a quote from a property lawyer on your site. What’s the financial incentive for Estate Agents to recommend your site over a competitor’s?
We don’t offer any referral fee for sending work in our direction. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I see that you have a search directory listing solicitors on the lender conveyancing panel. Do Stockton on Tees conveyancing companies pay you a referral fee if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Stockton on Tees.