My wife and I are planning on selling our home in Tynemouth and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Tynemouth conveyancer would know this is not the case. It does beg the question why the purchasers used a web based conveyancing firm as opposed to a conveyancing solicitor in Tynemouth. We have lived in Tynemouth for 4 years we know of no issue. Do we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
How does conveyancing in Tynemouth differ for newly converted properties?
Most buyers of new build or newly converted property in Tynemouth come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because developers in Tynemouth typically buy the land, 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 property lawyers 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 Tynemouth or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Tynemouth is where the house is located. Is there any guidance you can impart?
Flying freeholds in Tynemouth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tynemouth you would need to get your solicitor to go 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 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.
Do I need to be suspicious about brokers that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a High Street Tynemouth conveyancing firm?
As with lots of professional services, often input from connections can be extremely useful or valuable. Yet there are lots of players in a conveyancing deal; estate agents, financial adviser and banks may recommend lawyers to select. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there exists a financial incentive behind the recommendation. You have the right to choose your own conveyancer. Don't forget that some mortgage providers specify a panel list of solicitors you must use for the mortgage aspect of your home move.
I need to find a conveyancing solicitor for purchase conveyancing in Tynemouth. I have discover a site which appears to be the ideal solution If there is a chance to get all the legals completed via phone that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?