My wife and I are approaching an exchange on a flat in Byker and Walker and my mum and dad have sent the 10% deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The property lawyer is duty bound to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a post code search directory listing law firms on the Kent Reliance conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Byker and Walker?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Byker and Walker.
Do I need to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Byker and Walker so that I can pop in to their offices when needed.
Whereas this was necessary 15 years ago, almost all lenders no longer require their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to supply identification documents and there are still distinct advantages to instructing a local ayer, in your case a conveyancing solicitor in Byker and Walker.
My bid for a property was accepted at auction in Byker and Walker. Conveyancing is needed. What are my next steps?
Now that you have legally bound yourself to purchase you must instruct a conveyancing lawyer quickly as you now have a fast approaching deadline in which to complete the purchase. All auction property will have a bespoke auction pack. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You must give this to the solicitor instructed by you at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.
Two weeks ago we had a mortgage agreed in principle with RBS. Byker and Walker conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS done the valuation? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I had an offer accepted on an apartment in Byker and Walker on 10/6/2026, valuation was booked five days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
My business partner and I are hoping to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Byker and Walker for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Byker and Walker, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to buy or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right firm. As for the costs these will vary based on the structure and complexity of the deal. Please provide us with your contact information or call us so that we may supply you with comprehensive commercial conveyancing calculation.
I work for a busy estate agent office in Byker and Walker where we have witnessed a number of flat sales jeopardised as a result of short leases. I have received inconsistent advice from local Byker and Walker conveyancing solicitors. Can you confirm whether the vendor of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a studio flat in Byker and Walker, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Byker and Walker with over 90 years remaining are worth £190,000. The ground rent is £45 yearly. The lease ends on 21st October 2088
With just 62 years unexpired the likely cost is going to be between £17,100 and £19,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.