Completed the sale of my flat in Tyne And Wear last September yet the purchaser is SMS messaging every few hours to moan that her solicitor is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
Post completion of your sale your solicitor should send the transfer documentation and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also evidence that the home loan has been redeemed to the buyers solicitors. There is unlikely to be post completion steps peculiar conveyancing in Tyne And Wear.
Our mortgage company has recommended solicitors on their panel based in Tyne And Wear but I would rather choose a conveyancing lawyer in Tyne And Wear or nearer to where I live. Are you able to assist?
It is by no means the case that all Tyne And Wear conveyancing practices are listed all banks conveyancing panel. Do make use of the above search tool to find a Tyne And Wear conveyancing conveyancer on the on the bank panel.
We previously appointed conveyancers based in Tyne And Wear on the Skipton solicitor panel. They are now charging me an additional sum for the legal aspects of the Skipton mortgage. Is this a supplemental conveyancing fee set by Skipton?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your conveyancer is entitled to levy a fee for this. This charge is not dictated by Skipton but by your Tyne And Wear property lawyer. Some firms on the Skipton panel will levy an ‘acting for lender’ fee and others do not.
How can we know in advance if a Tyne And Wear conveyancing solicitor on the Principality panel is any good?
When it comes to conveyancing in Tyne And Wear getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor conducting your transaction.
We have a mortgage agreed in principle with Co-operative. Tyne And Wear conveyancing practitioners were selected. How long does it take for Co-operative to send the offer to the conveyancing practitioner?
There is no definitive answer here. Have Co-operative conducted the survey? Have you advised Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I'm purchasing my first flat in Tyne And Wear with a mortgage from Barnsley Building Society. The developers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not disclose to my lawyer about this deal as it could impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Estate agents have just been given the go-ahead to market my garden apartment in Tyne And Wear. Conveyancing lawyers have not yet been instructed, however I have just had a half-yearly maintenance charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is clear the invoice as normal as all ground rent and service invoices should be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a split level flat in Tyne And Wear, conveyancing formalities finalised October 2002. How much will my lease extension cost? Similar flats in Tyne And Wear with an extended lease are worth £265,000. The ground rent is £50 yearly. The lease ceases on 21st October 2101
With just 76 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.