As someone unfamiliar with conveyancing in Thornaby on Tees what is the number one tip you can give me for the legal transfer of property in Thornaby on Tees

Not many law firms or advisers will tell you this but conveyancing in Thornaby on Tees or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there is an abundance of opportunity for confrontation between you and other parties involved in the house moving process. For instance, the seller, property agent and on occasion your bank. Selecting a law firm for your conveyancing in Thornaby on Tees is a critical decision as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to look after your best interests and to protect you.

There is a definite ongoing adversarial element to conveyancing- someone has to be at fault for the process taking so long. We recommend that you your first instinct should be to trust your conveyancer ahead of all other parties in the conveyancing process.

How does conveyancing in Thornaby on Tees differ for new build properties?

Most buyers of new build residence in Thornaby on Tees contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Thornaby on Tees typically 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 Thornaby on Tees or who has acted in the same development.

I decided to have a survey completed on a property in Thornaby on Tees ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend not give a loan on this type of premises.

It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thornaby on Tees. Conveyancing may be slightly more expensive based on your lender's requirements.

Should I appoint a Thornaby on Tees conveyancing practitioner based in the location that I am hoping to buy? I have an old university friend who can execute the conveyancing however his firm is located 400miles drive away.

The benefit of a local Thornaby on Tees conveyancing practice is that you can visit the firm to execute paperwork, present your ID and pester them if necessary. Having local Thornaby on Tees know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were impressed that should trump using an unknown Thornaby on Tees conveyancing lawyer solely due to them being based in the area.

Can you offer any advice when it comes to appointing a Thornaby on Tees conveyancing firm to deal with our lease extension?

If you are instructing a solicitor for lease extension works (regardless if they are a Thornaby on Tees conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Thornaby on Tees conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:

Can they put you in touch with clients in Thornaby on Tees who can give a testimonial? How familiar is the firm with lease extension legislation?

Thornaby on Tees Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

The majority of Thornaby on Tees leasehold flats will be liable to pay a service charge for the upkeep of the building set by the landlord. If you acquire the property you will have to meet this amount, usually in instalments accross the year. This can differ from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a ground rent for you to pay annual, ordinarily this is not a exorbitant sum, say about £25-£75 but you should to check as occasionally it can be prohibitively expensive. Who are the managing agents? Are any of leasehold owners in arrears of their service charge payments?