Please could you recommend a Leeds Building Society accepted Gateshead conveyancing practice that can complete within a very limited time frame? Am I best advised to unstruct a local Gateshead conveyancer or a web based conveyancer?

We can recommend some very good Gateshead conveyancing firms. Another option is to visit the main road in Gateshead. Go in to two or three firms and request to speak with a conveyancing solicitor for a quote. Explain your time frames together with the reasons and ask for a commitment on speed. Appoint the lawyer that appears most efficient.

Do banks and building societies provide you with an approved list of Gateshead conveyancing solicitors? How do you know who is on the Principality conveyancing panel?

Gateshead conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.

Do I need to visit the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Gateshead so that I can pop in to their offices if required.

Most approved lawyers for lenders undertake all of the work via the post, e-mail or over the phone. This enables them to undertake the legal work for your home move no matter where you live in England or Wales. That being said you can check if you have the option of attending the offices of your conveyancing lawyer if you prefer.

About to purchase a new build apartment in Gateshead. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Gateshead

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

I've recently bought a leasehold flat in Gateshead. Am I liable to pay service charges for periods before completion of my purchase?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I purchased a split level flat in Gateshead, conveyancing was carried out 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Gateshead with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2101

With just 76 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.