I am hoping to complete my purchase in Shiremoor next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What risks does the mortgage company expect the insurance to cover?

All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not limited to conveyancing in Shiremoor.

What can a local search inform me regarding the house we're buying in Shiremoor?

Shiremoor conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search plays a central role in many a Shiremoor conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search will reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.

Just acquired a terraced house in Shiremoor , What is the estimated time for the Land Registry to register the transfer to my name? My Shiremoor conveyancing solicitor has been very slow, so I want to be certain that my purchase is registered.

There is nothing unique when it comes to conveyancing in Shiremoor registration formalities. Rather than based on location, timescales can adjust according to the party submitting the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Registration occurs once the purchaser has moved in to the property therefore post completion formalities is not typically primary concern but if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.

I decided to have a survey completed on a property in Shiremoor before retaining lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some lenders will not grant a loan on such a property.

It varies from the lender to lender. HSBC has different requirements from Nationwide. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shiremoor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shiremoor to see if the conveyancing costs will increase in light of this.

Can you offer any advice when it comes to choosing a Shiremoor conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a conveyancer for your lease extension (regardless if they are a Shiremoor conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Shiremoor conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:

Can they put you in touch with clients in Shiremoor who can give a testimonial?

Shiremoor Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying

What is the length of the lease? Plenty Shiremoor leasehold flats will be liable to pay a service bill for the upkeep of the block set on behalf of the landlord. Where you buy the property you will have to pay this contribution, usually quarterly accross the year. This may differ from several hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a rentcharge for you to pay annual, normally this is not a exorbitant sum, say about £25-£75 but you need to enquire as sometimes it can be surprisingly expensive. If a Shiremoor lease has fewer than eighty years it will have adverse implications on the salability of the property. Check with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will probably require a lease extension at some point and it is worth finding out how much this will be. For most Shiremoorlease extensions you will need to own the property for two years before you are legally able to extend the lease.