Having been told to check out your site we were about to appoint conveyancing solicitor in Killingworth found on your site but stumbled across some other fee calculations on the internet appear less expensive – why is this?

There are plenty of conveyancing organisations advertising supposedly cut-price conveyancing, unfortunately it’s common in such cases for additionalfees end up with the closing fee being inflated. Conveyancers are obliged to make sure that charges outlined in terms and conditions should be equitable raised The law firms that we list for conveyancing in Killingworth clearly state all costs for the property you plan topurchase.

I am the registered owner of a freehold property in Killingworth but still pay rent, why is this and what is this?

It is rare for properties in Killingworth and has limited impact for conveyancing in Killingworth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

What does commercial conveyancing in Killingworth cover?

Commercial conveyancing in Killingworth incorporates a broad range of services, offered by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

We are 3 weeks into a residential purchase having been recommend to solicitors by the estate agent to perform conveyancing in Killingworth. We are not happy. Can you help me find new lawyers?

They would need to be really bad in order to consider replacing them. Has your mortgage been generated? In the event that it has you must inform them of the new contact details and get the loan are issued to the new lawyers. Your new conveyancer should be on the mortgage company approved list to avoid supplemental fees and delays. So that should be your first question of the new conveyancers. The search tool will help you find a lender approved lawyer for your conveyancing in Killingworth

I dont have enough spare money to pay a 10% deposit on my flat purchase in Killingworth , but I still want to proceed. Do I have options?

One option is to try and agree a lower deposit. Most sellers will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute