The owners have rather assertive sellers who has suggested a exclusivity contract with a deposit 10k. Are such agreements sensible?
Lock out agreements are contracts binding a property owner and purchaser giving the buyer a ‘clear field’ to the sale of the premises for a set period of time. Essentially, an exclusivity is a document specifying that you will be issued with a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer protection though in some cases, the proprietor may enjoy an upside from such agreements as well. There are various pros and cons to having an agreement but you should to check with your solicitor but note that it may end up incurring extra in conveyancing charges. In light of these reasons these contracts are unusual in relation to conveyancing in Rhymney.
We note that you have a search directory identifying law firms on the Clydesdale conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Rhymney?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rhymney.
What is the optimum way to investigate if the solicitor handling my conveyancing in Rhymney is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Chelsea Building Society thus spending £192.00 in additional legal invoice.
Please do take advantage of the search tool on this page. Please choose the lender and type ‘Rhymney’ or your location and you will be presented with a number of lawyer based in Rhymney or near you.
I currently have a mortgage with Barclays for my property in Rhymney. Conveyancing was finalised a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
You must advise Barclays before letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. You need not do this via a Barclays conveyancing panel lawyer.
The formalities of my remortgage has taken place for my property in Rhymney. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I can not work out if my bank requires a lease extension. I have called into my local Rhymney building society branch on numerous occasions and was told they are content with the situation and they would lend. My Rhymney conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. Who do I believe?
As long as the solicitor is on the lender panel, they must comply with the CML Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have justbeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Rhymney for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rhymney conveyancing specialists.