Having been suggested to visit your site we were going to use a conveyancing solicitor in Consett found by you but stumbled across some other costs illustrations on the internet seem less pricey – why is this?
There are plenty of solicitors marketing what appear to be very low prices. You should give due consideration as to how much you respect your own move to want to be penny wise pound foolish with regard to the quality of the legal work. Many of them accentuate a bargain quote to tempt you but bury extra costs in the small print..
I am hoping to complete my purchase in Consett next Thursday. My solicitor now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What risks does the lender expect the insurance to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not unique to conveyancing in Consett.
It is 10 years ago since I bought my property in Consett. Conveyancing lawyers have recently been appointed on the sale but I can't track down my title documents. Will this jeopardise the sale?
You need not be too concerned. First there is a possibility that the deeds will be kept by the lender or they could still be with the lawyers who oversaw the purchase. Secondly in all probability the title will be registered 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. The vast majority of conveyancing in Consett involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is not insurmountable.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Consett?
Two types of professional can carry out conveyancing in Consett namely licenced conveyancers or solicitors. Both professionals provide the legal services that required to complete the sale or purchase of property. Both are duty bound to handle Consett conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that all necessary procedures will be appropriately adhered to.
Forgive me if this question is silly but I am new to the house moving as FTB of a ground floor flat in Consett. Do I receive the keys to the house on the completion date from my lawyer? If so, I will instruct a local conveyancing solicitor in Consett?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the vendor’s lawyers, and once they have received this, you should be able to collect the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
My wife and I are in the process of looking at houses in Consett and I am now considering a potential offer. Should I already have a conveyancing practitioner in place at this stage? I intend to finance via a home loan with Santander.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are seeking a mortgage with Santander, make sure you remember to check that your lawyer is on the Santander conveyancing panel.
How does conveyancing in Consett differ for new build properties?
Most buyers of new build or newly converted property in Consett contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Consett typically buy the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Consett or who has acted in the same development.