The owners of the home we are purchasing have instructed a conveyancing solicitor in Longthorpe who has insisted on a preliminary agreement with a deposit 6,000. Are such agreements sensible?
There are two main drawbacks with signing a lock out agreement (also known as a shut-out contract) is that it diverts attention away from progressing with the conveyancing process, so in the absence of it needing minimal or no negotiation then it could turn out to be unhelpful. It is not particularly popular amongst Longthorpe conveyancing solicitors for this reason. A supplemental negative is the extent of the remedies available - an aggrieved purchaser is not likely to secure an injunction to prevent 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 additional payment of penalties.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who dealt with the conveyancing in Longthorpe 5 years ago no longer exist. What do I do?
Assuming the title is registered the details of your ownership will be held by the Land Registry with a Title Number. It is easy to execute a search at the Land Registry, find your house and order current copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
Due to the guidance of my in-laws I had a survey completed on a house in Longthorpe in advance of instructing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some banks will refuse to give a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via 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 Longthorpe. Conveyancing will be smoother if you use a solicitor in Longthorpe especially if they are acquainted with such properties in Longthorpe.
I'm converting the mortgage on my primary house to a BTL loan with Platform Home Loans Ltd and intend to use the remaining equity as a deposit on another property. The location we are talking about is Longthorpe. Will your lawyers be able to act for the two banks and tie in the two deals?
Make use of our search tool on this site to be sure that the solicitors are approved by both mortgage companies. On the basis that they are your solicitor should be able to connect the two transactions but you should have a chat with you conveyancer and make clear your expectations and needs.
Is it true that a Longthorpe conveyancing solicitor got sued by clients for failing to conduct the right conveyancing searches?
Our attention has not be brought to such a Longthorpe conveyancing matter but according to a recent report, a couple purchasing a property in Cumbria successfully sued their solicitor as a consequence of development plans to build a wind farm failing to be picked up in conveyancing searches.
Where you are buying in Longthorpe It is essential that your conveyancer carry out all Longthorpe conveyancing searches required making sure that you have relevant and up to date information before acquiring a property.