My husband and I are purchasing a 1 bedroom apartment in North Shields and Tynemouth with a mortgage. We have a North Shields and Tynemouth solicitor, however the lender advise he's not on their "panel". We have to appoint one of the bank panel conveyancing practices or keep our North Shields and Tynemouth lawyer and pay for one of their panel ones to act for them. This feels very unfair; can we not require that the lender use our North Shields and Tynemouth property lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your North Shields and Tynemouth conveyancing lawyer to apply to be on the conveyancing panel.
Can the conveyancing practitioners to be found on your site conduct auction conveyancing in North Shields and Tynemouth?
We know of a number of auction practitioners we can connect you with those who can conduct auction conveyancing. North Shields and Tynemouth is just one of hundreds of areas of in which our lawyers cover.
Having sold my house in North Shields and Tynemouth last August but our buyer keeps whats apping me complaining that his lawyer needs to hear from mine. What should have happened following completion?
Post completion of your house sale your conveyancer is committed to forward the transfer deeds and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also send confirmation that the home loan has been repaid to the buyers lawyers. There are no post completion requirements just for conveyancing in North Shields and Tynemouth.
Are there restrictive covenants that are commonly identified as part of conveyancing in North Shields and Tynemouth?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in North Shields and Tynemouth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. North Shields and Tynemouth is where the house is located. Can you shed any light on this issue?
Flying freeholds in North Shields and Tynemouth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in North Shields and Tynemouth you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in North Shields and Tynemouth 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 residence.