The owners have rather assertive vendors who has recommended a lock out agreement with a non-refundable deposit 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 premises within an agreed time frame. Essentially, a lock out is a document stating that you will have a contract at a later time being the contract for the actual sale. It is generally utilised for buyer confidence though in some cases, the seller may stand to benefit from such agreements as well. There are various pros and cons to using an agreement but you should to check with your conveyancer but note that it may end up costing you extra in conveyancing charges. For this these contracts are not popular in relation to conveyancing in Hollywood.
My husband and I wish to acquire a purpose built apartment in Hollywood with a residential mortgage from Halifax.We have a Hollywood conveyancing lawyer but Halifax informed us she’s not on their approved list of member firms. We have to appoint a Halifax panel lawyer or keep our preferred solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The loan issued to you contains terms and conditions, one of which will be that conveyancers will be on the Halifax conveyancing panel. in the past, most banks had large numbers of solicitors on their panels: a borrower could find 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Halifax
I am due to move property in June. Should my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Hollywood. Conveyancing lawyer was organised before I stumbled across this page.
On the afternoon of completion you will need to pick up the keys from the property agent however this should only be done when the previous owners solicitors confirm to the agent that they have the completion monies and the keys can be collected. Subsequently you can tell the removal men that you are ready to move in. We do not recommend a particular removal organisation but can help you find a residential property solicitor in Hollywood or a solicitor that specialises in conveyancing in Hollywood.
My wife and I purchasing a victorian detached house in Hollywood. The intention is to an extension at the rear at the property.Will the conveyancing process include investigations to see if these works are prohibited?
Your solicitor will check the deeds as conveyancing in Hollywood will sometimes identify restrictions in the title documents which prohibit certain works or require the permission of a 3rd party. Some extensions require local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
Nottingham have agreed my home loan in principle, my offer on a apartment in Hollywood has been agreed to, what happens next?
Your estate agent will want to know who your solicitors are (ensure that the property lawyers are on the lender’s panel). Contact Nottingham or your financial adviser and finalise any relevant forms. Nottingham will appoint a valuer who will get in touch with the estate agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes about ten days to receive the mortgage offer. Nottingham will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hollywood.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Hollywood is the location of the property. Can you shed any light on this issue?
Flying freeholds in Hollywood are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hollywood you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hollywood may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking for a conveyancing lawyer in Hollywood for my remortgage. Is it possible to check a firm’s record with the legal regulator?
Members of the public can read documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find details Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA could recorded call for training reasons.