Conveyancing in Newcastle upon Tyne is no longer a slow process.

Acting for the sellers of a freehold home in Heaton NE6, Conveyancing Solicitor Sunita Saini was pleased to demonstrate that Conveyancing in Newcastle upon Tyne does not have to be the slow process that it would have been in the past. Computerisation and electronic communication have done away with the time-consuming procedures that previously caused endless delays.

Agents Rook Matthews Sayer of 258 Chillingham Road, Heaton, Newcastle upon Tyne, NE6 5LQ had negotiated the sale for the owners. As soon as they confirmed the details to Sunita she was able to take full advantage of modern technology to email the contract and other documents to the purchaser's Conveyancing Solicitors. Gordon Brown and Co at Hadrian House, Higham Place, Newcastle Upon Tyne, Tyne And Wear NE1 8AF were undertaking the Conveyancing in Newcastle upon Tyne for the buyer.

Before then she had already asked the clients to complete the standard property information form together with a list of the fixtures and fittings being included. She had also obtained a copy of the title from the land registry, confirming details of the clients' ownership of the land. This also contained details of their current mortgage, so Sunita faxed the lender for a statement showing the amount outstanding.

Checking that there is no negative equity.

Mortgages are 'charged' on land, which means that if a borrower defaults with the repayments then the lender has a power of sale in order to recover the debt. Details of all such charges are registered at the land registry. Buyers Conveyancers have to ensure that they are paid off or 'redeemed' at completion, otherwise the buyer would be responsible for them!

It is therefore a necessary part of Conveyancing in Newcastle upon Tyne for Property Lawyers acting for sellers to have to obtain redemption figures from all existing lenders and ensure that the price will cover the total amount. If the funds are insufficient then the vendor will be in 'negative equity' and won't be able to complete unless they can make good any shortfall out of their own money.

Having checked that there would be ample funds to repay the current loan, Sunita was happy to process the rest of the Conveyancing in Newcastle upon Tyne as quickly as possible. With the co-operation of the other Property Lawyers an early completion date was soon agreed, leaving everyone pleased.

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