I am hoping to receive a mortgage offer from Lloyds. I hope to instruct a Licensed Conveyancer in Oval. Does the Lloyds Solicitor panel include conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
The owners have very brash sellers who has insisted on a lock out contract with a payment of 5k. Is it wise to enter into such agreements?
Exclusivity agreements are agreements between a home owner and prospective acquirer granting the buyer exclusive rights to the sale of the property for a limited period of time. For all intents and purposes, an exclusivity is a document specifying that you will receive a contract at a later time which is the main conveyancing contract. It tends to be used for buyer confidence though in many situations, the owner may enjoy an upside from such agreements as well. There are numerous positives and negatives to using them but you should to check with your lawyer but note that it may result in costing you extra in conveyancing fees. For these reasons these agreements are unusual when it comes to conveyancing in Oval.
The deeds to our home are lost. The solicitors who conducted the conveyancing in Oval 5 years ago have long since closed. Will I be able to sell the house?
Gone are the days when you need to have the physical original deeds to establish that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I have been pointed in your direction by a few selling agents in Oval to find a solicitor using your seach tool. What’s the financial inducement for Estate Agents to market your site over and above alternative conveyancing organisations?
We refuse to give any commission for pointing buyers and sellers in our direction. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Should I stop the direct debit for my mortgage with Co-operative as soon as a completion date for my home sale in Oval has been agreed?
No, you should keep meeting any mortgage payments to Co-operative until the mortgage is repaid from the proceeds of sale as part of your Oval conveyancing.