The vendors of the property we are hoping to buy are using a conveyancing solicitor in Alfriston who has recommended a exclusivity agreement with a down payment 10k. Are such arrangements recommended for Alfriston conveyancing transactions?
There are a couple of main concerns with entering into any lock out contract (sometimes known as a no-shop agreement) is that it diverts attention away from moving forward with the conveyancing process, so unless it requires little or no negotiation then it may turn out to be unhelpful. It is not particularly popular amongst Alfriston conveyancing practitioners for this reason. A supplemental concern is the extent of the remedies available - an aggrieved buyer is not likely to be granted injunctive relief to stop the owner completing the sale to an alternative purchaser, so the only remedy open via the contract will be the reimbursement of wasted charges and, in restricted scenarios, the additional payment of damages.
How can we know in advance if a Alfriston conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Alfriston getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your conveyancing.
We have agreed to purchase a house in Alfriston. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
Given that you are obtaining a mortgage with Coventry BS your lawyer must check the conveyancing requirements outlined in Part two of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and solicitors are required to report to Coventry BS where a lease does not meet these provisions. The specifications relate to the installation of panels on properties nationwide and is not isolated to Alfriston.
My offer was accepted on a property in Alfriston on 3/6/2021, valuation was booked 4 days later, received a clean bill of health. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
I opted to have a survey completed on a property in Alfriston in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may refuse to give a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Alfriston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Alfriston to see if the conveyancing costs will increase in light of this.
Am I right to be concerned about estate agents that I am dealing with are recommending a web based conveyancing firm as opposed to a High Street Alfriston conveyancing company?
As with many service providers, often suggestions from connections can be extremely useful or valuable. But there are numerous players in a conveyancing matter; estate agents, financial adviser and banks may recommend solicitors to use. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the recommendation. You are free to appoint your own lawyer. Don't forget that many lenders operate an approved list of conveyancers you must use for the lender aspect of your transaction.
Is it best to choose a Alfriston conveyancing practitioner who is local to the property I am buying? I have an old university friend who can carry out the legal work however they are based 200miles drive away.
The benefit of a high street Alfriston conveyancing practice is that you can visit the firm to execute paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Alfriston know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were happy that must trump using an unfamiliar Alfriston conveyancing lawyer just because they are Alfriston based.