It has come to my attention via my mortgage adviser that my Clun the law firm I have appointed is not on the bank Solicitor panel. What can I do to be certain whether this is indeed the case?
You need to call your Clun lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may recommend you to a Clun conveyancing practice that is on the approved list of lawyers for your mortgage company.
The owners of the property we are purchasing hired a conveyancing firm in Clun who has suggested a lock out contract with a deposit two thousand pounds. Are such contracts generally advanced for Clun conveyancing transactions?
Exclusivity agreements are contracts between a home vendor and prospective acquirer granting the buyer a ‘clear field’ to purchase the premises for a set period of time. For all intents and purposes, an exclusivity agreement is a contract stating that you should have a contract at a later time being the main conveyancing contract. It tends to be used for buyer assurance though in some cases, the vendor may stand to benefit from such agreements as well. There are numerous positives and negatives to having them but you should to check with your lawyer but note that it may result in costing you extra in conveyancing charges. For these reasons these agreements are unusual in relation to conveyancing in Clun.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a house in Clun?
Unless a previous acquisition of the premises took place post 12 October 2013 you could expect lawyers conducting conveyancing in Clun to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly identified as part of conveyancing in Clun?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Clun. 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 for a leasehold apartment up to £235,500 and found one close by in Clun I like with amenity areas and transport links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Clun suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage that many years will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.