We are purchasing a 2 bedroom flat in Charterhouse with a mortgage. We have a Charterhouse solicitor, but the bank advise she’s not on their "panel". We have to appoint one of the mortgage company panel firms or continue with our Charterhouse property lawyer and pay for one of their panel firms to represent them. We regard this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Charterhouse conveyancing solicitor to apply to be on the conveyancing panel.
We have very brash vendors who has recommended a lock out agreement with a payment of 5k. Are such agreements sensible?
Lock out contracts are agreements binding a property seller and purchaser granting the buyer the sole right to purchase the property within an agreed time frame. For all intents and purposes, a lock out is a document specifying that you should have a contract at a later date being the main conveyancing contract. It tends to be utilised for buyer assurance though in some cases, the vendor may enjoy an upside from such agreements as well. There are many pros and cons to using them but you should to check with your lawyer but note that it may end up incurring extra in conveyancing charges. For these reasons these contracts are not popular in relation to conveyancing in Charterhouse.
Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Charterhouse?
Its becoming the norm that commercial conveyancing solicitors in Charterhouse will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Charterhouse. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Charterhouse.
For every commercial conveyancing transaction in Charterhouse it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Charterhouse commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Charterhouse.
Are there restrictive covenants that are commonly picked up during conveyancing in Charterhouse?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Charterhouse. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking to sell my property. My former lawyers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Charterhouse if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Charterhouse. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.