My wife and I are buying a apartment in Whickham. It might be a silly question but how we can trust a solicitor? At some point we have to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Whickham conveyancing solicitors on the Bank of Ireland conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be governed by the SRA. Some banks do list licenced conveyancers on their panel and in such a situation the firms would be governed by the Council of Licensed Conveyancers.
After weeks of negotiation I have agreed a price on an apartment in Whickham. My mortgage broker pressured me to appoint their conveyancer. I paid an upfront payment of £225. Shortly after, the solicitor called me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Whickham differ for newly converted properties?
Most buyers of new build or newly converted property in Whickham contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Whickham tend to buy the site, 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 conveyancers 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 Whickham or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Whickham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Whickham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whickham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whickham 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 property.
I'm converting the mortgage on my primary house to a BTL mortgage with Platform Home Loans Ltd and I will use the rest of the raised equity as a deposit on further house. The location we are talking about is Whickham. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?
Do use our comparison tool on this page to be sure that the lawyers are approved by both mortgage companies. On the basis that they are the conveyancer will be able to simultaneously deal with the two deals but you should talk with you solicitor and make apparent your desired outcome and requirements.
We expect to complete the sale of our £225,000 apartment in Whickham in 10 days. The landlords agents has quoted £360 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Whickham?
Whickham conveyancing on leasehold apartments nine out of ten times involves administration charges levied by managing agents :
-
Completing conveyancing due diligence questions
Where consent is required before sale in Whickham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a basement flat in Whickham, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Whickham with over 90 years remaining are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2079
You have 54 years left to run the likely cost is going to span between £32,300 and £37,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.