I am expecting a mortgage offer from Nat West. I would like to use a Licensed Conveyancer in Lee On The Solent. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?

The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.

We have rather assertive vendors who has insisted on a exclusivity contract with a non-refundable deposit of 5k. Is it wise to enter into such agreements?

This type of contract isn't frequently used in Lee On The Solent, conveyancers are often inclined to veer clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the lawyer is left exposed. Secondly, there is no certainty that just because the seller has entered into a lock out contract they will sell to you. They may be in contravention of the contract if they receive a large enough incentive to do so because a wronged purchaser with the benefit of a exclusivity agreement will still have to establish consequential losses from the breach and this may not compare to the financial benefit that the owner may gain by breaking the agreement, however morally shameful it undoubtedly is.

Various web forums that I have come across warn that are the main reason for hinderance in Lee On The Solent conveyancing transactions. Is that correct?

The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Lee On The Solent.

I opted to have a survey done on a house in Lee On The Solent before instructing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks tend not issue a mortgage on this type of premises.

It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lee On The Solent. Conveyancing will be smoother if you use a solicitor in Lee On The Solent especially if they are acquainted with such properties in Lee On The Solent.

What are the specific advantages to choosing a local solicitor in Lee On The Solent

Home movers in Lee On The Solent prefer a local solicitor so that they can visit if they have problems, and to collect documents rather than run the risk of depending on the post.

There is a slight edge in opting for a conveyancer local to the premises you are purchasing, due to the in-depth knowledge of the locality and possible local issues - nevertheless this is debatable. The majority of conveyancers conduct their work by way of email and could be anywhere in the world.