The vendors of the house we are looking to purchase have appointed a conveyancing firm in Brixton who has recommended a exclusivity agreement with a down payment 6,000. Are such agreements sensible?
There are a couple of primary drawbacks with signing a lock out agreement (also termed an exclusivity agreement) is that it diverts attention away from moving forward with the conveyancing process, so in the absence of it needing minimal or no negotiation then it could turn out to be unhelpful. It is not promoted by Brixton conveyancing solicitors as a result. A supplemental concern is the extent of the remedies available - an aggrieved purchaser is extremely unlikely to be issued with an injunction to prevent the seller disposing of the property to a third party, so the only remedy open via the agreement will be the reimbursement of wasted charges and, in rare scenarios, the additional payment of damages.
We previously instructed solicitors based in Brixton on the UBS solicitor approved list. They are now charging me a further sum for handling the UBS mortgage. Is this an additional conveyancing fee specified by UBS?
Provided it is contained in their Terms and Conditions or estimate then yes your lawyer can charge a fee for this. The charge is not dictated by UBS but by your Brixton property lawyer. Some firms on the UBS panel will charge an ‘acting for lender’ fee and others do not.
Can I be sure that the Brixton conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Brixton seeking 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 suggest that you speak with the solicitor carrying out your conveyancing.
Planning on purchasing a maisonette in Brixton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Brixton conveyancing practitioner is on the TSB conveyancing panel.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Brixton I like with a park and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Brixton for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I am looking into buying my first house which is in Brixton and I am already nervous. I couldn't find anything specific about Brixton. Conveyancing will be needed in due course but do you know about the Brixton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brixton. In the meantime here are some basic statistics that we found
At long last our conveyancing in Brixton is set to complete on Friday, but the couple I am buying off wishes to move out 24 hours later at afternoon. Can I agree to such a idea?
It is not possible to complete on a Saturday due to the bank systems are not working.