The sellers of the property we are hoping to buy hired a conveyancing practitioner in Hove who has recommended a lock out agreement with a payment of 5k. Are such arrangements promoted for Hove conveyancing transactions?
There are a couple of main concerns with executing a lock out agreement (occasionally known as a no-shop agreement) is that it diverts attention away from moving forward with the conveyancing transaction itself, so unless it requires limited or no negotiation then it may transpire to be a cause of frustration and delay. It is not promoted by Hove conveyancing solicitors for this reason. A further issue is the extent of the remedies available - an aggrieved purchaser should not expect to secure injunctive relief to stop the owner completing the sale to a third party, so the only remedy open via the contract will be the reimbursement of wasted costs and, in restricted situations, the additional payment of damages.
Can I use your services to locate a Conveyancing solicitor in Hove even if I’m not purchasing or selling a house, for instance where I want to acquire a shop in Hove with a mortgage from Lloyds TSB Bank?
Our comparison service is predominantly used to find residential conveyancing solicitors in Hove but we have listed towards the end of this page a selection of Hove commercial conveyancing firms. You should enquire with the company directly to see if they are also authorised to represent Lloyds TSB Bank
I am purchasing a 3 bedroom semi in Hove. The intention is to carry out an extension to the side at the property.Will legal investigations on the property involve investigations to ascertain if these works are allowed?
Your solicitor should review the deeds as conveyancing in Hove can sometimes identify restrictions in the title documents which prohibit categories of alterations or need the consent of a 3rd party. Certain extensions need local authority planning permissions and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
My solicitor has informed me that lack of planning permission insurance is necessary on my purchase. What is the level of cover for Hove conveyancing?
The right level of lack of planning permission indemnity insurance depends on your lender. It would differ for example between Barclays and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
Nationwide have agreed my home loan in principle, my bid on a property in Hove has been agreed to, what happens next?
The estate agent will need to be advised as to your conveyancing practitioner's details (be sure the solicitors are on the lender’s approved list). Call up Nationwide or the financial adviser and finalise any appropriate documentation. Nationwide will appoint a valuer who will get in contact with the selling agent or seller to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Nationwide will send 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 Hove.
I decided to have a survey carried out on a property in Hove prior to instructing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to issue a loan on such a property.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hove. Conveyancing will be smoother if you use a solicitor in Hove especially if they are familiar with such properties in Hove.
I have been advised by a few selling agents in Hove to choose a conveyancer on your site. What’s the financial inducement for Estate Agents to recommend your services over and above another?
We don’t offer any referral fee for directing people our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.