The sellers of the home we are looking to purchase are using a conveyancing firm in Flint Mountain who has insisted on a lock out contract with a non-refundable deposit 6,000. Are such agreements sensible?
There are two main downsides with executing a lock out agreement (sometimes referred to as a no-shop agreement) is that it can distract from moving forward with the conveyancing transaction itself, so unless it requires limited or no negotiation then it may turn out to be a hindrance. It is not promoted amongst Flint Mountain conveyancing solicitors for this reason. A supplemental issue is the extent of the remedies available - a jilted purchaser should not expect to secure an injunction to bar the owner completing the sale to a third party, so the only remedy available under the contract will be the reimbursement of abortive costs and, in rare circumstances, the extra payment of damages.
What does my ID and proof of funds have anything to do with my conveyancing in Flint Mountain? Is this really warranted?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms and Conditions that you are required to sign should confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to supply identification documents, your solicitor would not be able to accept instructions from you.
I am purchasing a new build flat in Flint Mountain. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Flint Mountain you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Flint Mountain.
When it comes to mortgage companies such as UBS, do Flint Mountain conveyancers incur an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Is it the case that all Flint Mountain solicitors on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do permit licenced conveyancers on their panel and in that case the firms would be overseen by the Council of Licensed Conveyancers.
I recently had an offer accepted on an apartment in Flint Mountain. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £200. Not long after, the lawyer contacted me to say that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My husband and I are one month into a leasehold purchase having been recommend to a firm by the high street agent to do our conveyancing in Flint Mountain. We are not happy. Could you you assist me in finding new conveyancers?
A conveyancer would need to be very bad to suggest changing them. Has the mortgage been issued? In the event that it has you will need to advise them of the new contact details and have the loan are re-issued. Your conveyancer should be on the mortgage company approved list to avoid supplemental charges and frustration. So that should be your first question of the new solicitors. Our find a solicitor tool can assist you in finding a bank approved solicitor for your conveyancing in Flint Mountain