We have very brash sellers who has insisted on a preliminary contract with a down payment of 5k. Is it wise to enter into such agreements?
Exclusivity contracts are contracts binding a property owner and prospective acquirer granting the buyer a ‘clear field’ to purchase the premises within an agreed time frame. For all intents and purposes, an exclusivity agreement is a contract specifying that you should be issued with a contract at a later date which is the contract for the actual sale. It tends to be used for buyer confidence though in some cases, the vendor may stand to benefit from such agreements as well. There are various positives and negatives to using them but you need to check with your conveyancer but beware that it may result in costing you more in conveyancing fees. For these reasons these agreements are not popular when it comes to conveyancing in Brecon Beacons.
We are selling our home in Brecon Beacons. Does the conveyancer have to be on the Nottingham conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Nottingham conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
When it comes to mortgage companies such as Santander, do Brecon Beacons conveyancers have to pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We have agreed to purchase a house in Brecon Beacons. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?
As you are obtaining a mortgage with Lloyds your lawyer must check the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease does not comply with these conditions. The provisions relate to the installation of panels on properties countrywide and is not isolated to Brecon Beacons.
I'm spending time looking at apartments in Brecon Beacons and I am now considering a potential offer. Should I already have a solicitor in place at this stage? I am planning to take a home loan with Principality.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are obtaining a mortgage with Principality, ask your prospective lawyers if they are on the Principality conveyancing panel otherwise they can't do the mortgage legal work.
How does conveyancing in Brecon Beacons differ for newly converted properties?
Most buyers of new build premises in Brecon Beacons contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Brecon Beacons tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Brecon Beacons or who has acted in the same development.
Is it possible to switch firm as I need to retain one who is on the Skipton Building Society conveyancing panel. I was using a family conveyancing solicitor in Brecon Beacons five minutes from me but he is not approved by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in Brecon Beacons on the Skipton Building Society panel. Please note that the law firms that we list do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Brecon Beacons. In utilising search facility on this page, you can compare fees for conveyancing solicitors in Brecon Beacons and throughout England and Wales.