I just bought a property at auction in Shildon. Conveyancing is necessary. What are my next steps?

Now that you have exchanged you now have to appoint a conveyancing solicitor as a matter of priority as you now have a tight deadline in which to complete the property. An auction property will ordinarily have a corresponding legal set of papers. This should include evidence of title and search results. In the case of leasehold property the legal pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You need to give this to the conveyancer instructed by you as soon as possible. Do make sure that you have funds in place to complete the transaction on the set completion date.

I am planning to move home in February. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you put forward a removal company in Shildon. Conveyancing lawyer was organised prior to coming across your page.

On the day of completion you will need to pick up the keys from your property agent but this can only occur after the sellers solicitors inform the agent that they acknowledge receipt of the completion payment and the keys can be handed over. After that you will need to advise the removal company that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can assist you in finding a residential property solicitor in Shildon or a solicitor with expertise in conveyancing in Shildon.

I can not work out if my mortgage offer requires a lease extension. I have called my Shildon building society branch on various occasions and was advised it wasn't a problem and they will lend. My Shildon conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.

As long as the conveyancing practitioner is on the lender approved list, they must follow the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.

How does conveyancing in Shildon differ for newly converted properties?

Most buyers of new build residence in Shildon come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Shildon typically acquire 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 Shildon or who has acted in the same development.

I am looking into buying my first house which is in Shildon and I am already nervous. I couldn't find anything specific about Shildon. Conveyancing will be needed in due course but do you know about the Shildon area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Shildon. In the meantime here are some basic statistics that we found

I need to retain a conveyancing solicitor for freehold conveyancing in Shildon. I have chance upon a web site which looks to be the perfect solution If it is possible to get all the legals completed via email that would be ideal. 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?

I have just started marketing my garden apartment in Shildon. Conveyancing is yet to be initiated, however I have just had a quarterly service charge invoice – what should I do?

The sensible thing to do is discharge the invoice as you normally would as all ground rent and maintenance invoices will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Shildon Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying

How many of the leaseholders are in arrears for their maintenance charge payments? Plenty Shildon leasehold properties will be liable to pay a service charge for the upkeep of the block levied by the management company. If you acquire the property you will have to pay this contribution, normally in instalments accross the year. This may differ from several hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all probability there will be a rentcharge for you to pay yearly, this is usually not a significant amount, say approximately £50-£100 but you should to check as occasionally it can be surprisingly expensive. The best form of lease structure is a share of the freehold. In this arrangement the tenants enjoy being in charge if their destiny and even though a managing agent is frequently employed if it is larger than a house conversion, the managing agent employed by the leaseholders.