The sellers of the house we are purchasing have appointed a conveyancing solicitor in Bexhill On Sea who has recommended a lock out agreement with a payment 6,000. Are such agreements generally advanced for Bexhill On Sea conveyancing transactions?
There are a couple of main concerns with executing a lock out agreement (occasionally referred to as a no-shop agreement) is that it can distract from making progress with the conveyancing work, so unless it requires minimal or no negotiation then it could transpire to be a hindrance. It is not strongly advocated by Bexhill On Sea conveyancing lawyers for this reason. A further concern is the extent of the remedies available - a jilted buyer should not expect to be issued with injunctive relief to prohibit the owner selling to an alternative purchaser, so the only remedy available under the agreement will be the recovery of wasted charges and, in rare situations, the additional payment of damages.
We hope to to buy with Coventry BS. I visited a couple of high street solicitors yet am struggling to find a Bexhill On Sea conveyancing firm on the Coventry BS approved list. Can you assist?
You should take advantage of the search tool on this site. Please choose the mortgage company and type Bexhill On Sea or your location and you will see numerous conveyancers located in Bexhill On Sea or by proximity to you.
Is it correct that all Bexhill On Sea CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing panel?
A selection of banks and building societies now use the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
We had appointed conveyancers locally in Bexhill On Sea on the Clydesdale solicitor approved list. They have just invoiced me an additional fee for dealing with the Clydesdale mortgage. Is this a supplemental conveyancing fee set by Clydesdale?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your solicitor may charge a fee for this. The fee is not set by Clydesdale but by your Bexhill On Sea solicitor. Numerous firms on the Clydesdale panel will quote ’dealing with mortgage’ fee and others do not.
After shopping around on the internet I have found a Bexhill On Sea solicitor having made sure that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Bexhill On Sea surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Me and my brother own a terraced Edwardian property in Bexhill On Sea. Conveyancing solicitor represented me and Barclays Direct. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bexhill On Sea and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing lawyer who conducted the purchase.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bexhill On Sea. Conveyancing is daunting 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 conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Bexhill On Sea
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.