Sale

Whether you are selling your beloved family home or an investment property, the conveyancing process can be extremely stressful. Our property team will always work towards alleviating any anxiety and ensuring the process runs as smoothly as possible.

There are 3 main stages to any sale:

  1. You will accept an offer for your property, usually via an estate agent. We will then issue the contract documentation to your buyer’s solicitor. We will deal with any enquires raised by them, with your help if needed.
  2. Next, we will arrange for you to sign the relevant paperwork in connection with your sale.
  3. On the day of completion, we will receive the purchase money from the buyer’s solicitor, pay off any outstanding mortgage and the estate agents fee and finally pay the balance to you.

We place a lot of emphasis on client care and will ensure that you are kept informed of any key updates or issues. Our property lawyers are happy to communicate via email, telephone or by post.

Remortgage

There may be many reasons why you need to remortgage your property, however you will often be required to go through many of the same steps as during the original purchase.

Our property team at Kidd & Spoor Solicitors have been helping clients to remortgage their properties for over 30 years and can help you lock in that new rate. We have acted in transactions with a huge variety of mortgage companies, and we are on the panel for all major lenders and many bespoke mortgage companies too.

We will ensure that the necessary legal checks are carried out and will deal with the repayment of your existing mortgage (if any).

Kidd & Spoor Solicitors offer:

  • Fixed costs – no hidden fees
  • A dedicated experienced practitioner who will regularly update you
  • Extensive local knowledge of specific property issues e.g. Tyneside flats

Right to Buy

Since the 1980s, many council and social housing tenants have been eligible to purchase their homes at a discount through the Government-backed Right to Buy scheme. As with any residential property purchase, the services of an experienced conveyancing solicitor are essential to ensure all legal formalities are completed and the transaction goes ahead as smoothly as possible.

The property team at Kidd & Spoor Solicitors have experienced, qualified staff who have specialist residential conveyancing knowledge which will ensure that your right to buy purchase from the Council runs smoothly. Your dedicated lawyer will help you through the unfamiliar process, keeping you regularly updated.

We offer fixed fees, so you will not be faced with any hidden charges at the end of your purchase.

Transfer of Equity

A transfer of equity is when you want to change the legal ownership of a property. It is reasonably straight forward, but it is essential that you get expert legal advice when transferring equity as it can result in a notable change in circumstances for you or anyone else involved.

Our property team can assist in the transfer of equity for a whole range of reasons, including

  • When a property is being gifted
  • When a trust is formed
  • Transfer of property between family members

Whatever the reason, our property team have a vast amount of experience to assist you with completing the process quickly, and with the least amount of stress

Buy-to-Let

The key to successful property investment is to do your homework and seek expert professional advice before investing in a property. Our property team at Kidd & Spoor Solicitors can help you with the legal aspects of property investment to help ensure you are purchasing the right property.

When purchasing a leasehold property for buy-to-let, additional costs of ground rents, service charges and building maintenance also need to be factored in when calculating the return and setting the rental rate. Mortgage lenders have stricter terms for buy-to-let properties. Our property team will ensure that your purchase is completed as efficiently as possible.

Being a landlord comes with a range of legal responsibilities relating to health and safety, and safeguarding your tenants’ deposits. With so much at stake, buy-to-let landlords need experienced property lawyers who are familiar with the different mortgage, land registry and insurance requirements for buy-to-let properties. Our qualified property staff have extensive experience of working with mortgage companies and the land registry on buy-to-let projects.

We offer fixed fees, so you will not be faced with any hidden charges at the end of your purchase.

Equity Release

Equity release is becoming an increasingly popular way of releasing capital from your home, with the money being used for anything you wish, from helping family members through university or paying for a wedding to simply giving you a more comfortable time during retirement.

Equity release packages, primarily aimed at over 55s, are supplied through a number of specialist providers. Working with a specialist financial adviser, you can assess the range of schemes and choose the right one to suit your specific circumstances.

Our property team at Kidd & Spoor Solicitors can explain the package to you that has been recommended by your financial advisor. We can provide a breakdown of the risks and rewards connected with the selected product to ensure that you fully comprehend your legal obligations if you decide to proceed. We can then complete the conveyancing work associated with the equity release scheme to ensure that you have total peace of mind.

We offer fixed fees, so you will not be faced with any hidden charges at the end of your transaction.

Collaborative Law & Mediation

The collaborative law process http://www.cflnorth.co.uk/ http://www.resolution.org.uk/collaborative/ is a non-court based process which helps you resolve issues following a separation, in a constructive non-court based setting.

You, your partner and your specially trained collaborative lawyers work together to find solutions which work for you and your family.

Crucially, an agreement called a Participation Agreement, is signed at the start of the process, reaffirming the commitment that no application will be made to the court.

The process belongs to you and not to the court. It moves at your pace and will provide bespoke long term solutions for you and your family.

As two of the specialist collaborative lawyers in the North East, Jo Scott and Sue McArthur, would be more than happy to discuss whether the collaborative law approach can work for you and your family https://cflnortheast.co.uk/members/jo-scott/.

Mediation http://www.resolution.org.uk/mediation/ is another non-court based option to resolve issues when you separate. Running alongside specialist legal advice, mediation can be used to discuss matters regarding your children and financial matters.

As trained mediators, Jo Scott and Sue McArthur will always discuss non-court based options with you.

Unmarried Couples

When you live together, or cohabit, you have different legal rights than if you were married or entered into a civil partnership. Despite popular belief, there is no such thing as a “common law marriage”.

Commonly, couples who live together but aren’t married have children, jointly own their own home and have joint savings and joint bank accounts.

When you separate, you will have questions about how to untangle financial matters. This can be a very complex area of law and our specialist team will be able to provide you with clear straight forward legal advice, including how to resolve your situation using out of court options such as collaborative law http://www.cflnorth.co.uk/, http://www.resolution.org.uk/collaborative/.

Cohabitation Agreements

As cohabiting couples have different legal rights to those that are married, it is often a very good idea to have a Cohabitation Agreement drafted which can set out in clear terms details of ownership of a home, responsibility and payment of the mortgage and bills, issues with regards to savings and pensions and in the unfortunate event of a relationship ending, who can remain living in the home and for how long.

These are often difficult conversations to have which often need expert legal advice and our specialist team can give you help and guidance should you want to consider entering into a Cohabitation Agreement.

Pre-nuptial Agreements

Pre-Nuptial Agreements, sometimes called Pre-Martial Agreements, are commonly used by the rich and famous.

However, people entering second marriages or people who want to protect their wealth for their children should their marriage fail, can often benefit from making a Pre-Nuptial Agreement.

Planning a wedding can be a lovely experience and you may feel very uncomfortable thinking about what might happen if your relationship does not work out. What we know is almost half of marriages end in divorce. It seems sensible to consider how you can protect your assets in the event of your marriage breaking down. Historically Pre-Nuptial Agreements were not binding and some would say they were not worth the paper they were written on. All of that changed in 2010 when a Supreme Court decided Pre-Nuptial Agreements could be binding, subject to them being fair, properly drawn up and both parties having had full financial disclosure and appropriate good legal advice.

This can be a complicated area of law and our specialist legal team are well placed to advise you on Pre-Nuptial Agreements.