We have very assertive vendors who has suggested a preliminary contract with a down payment 10k. Is it wise to enter into such agreements?
Lock out agreements are agreements binding a property owner and prospective acquirer granting the buyer a ‘clear field’ to the sale of the premises within a prescribed time frame. For all intents and purposes, a lock out agreement is a contract specifying that you will receive a contract at a later time which is the contract for the actual sale. It is generally used for buyer assurance though in many situations, the vendor may stand to benefit from such agreements as well. There are various positives and negatives to using an agreement but you should to check with your conveyancer but note that it may end up costing you more in conveyancing charges. In light of this these agreements are rare when it comes to conveyancing in Tower Hill.
I have 70 years left on my lease and require a lease extension for my apartment in Tower Hill. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 2/10/2025 the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Tower Hill
Two types of professional can do conveyancing in Tower Hill namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the disposal or purchase of property. Both are required to execute Tower Hill conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally administered and that all requisite steps should be correctly adhered to.
Last month we had a mortgage agreed in principle with HSBC. Tower Hill conveyancing lawyers were chosen. How long does it take for HSBC to send the offer to the conveyancer?
There is no definitive answer here. Have HSBC done the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my apartment. I had a double glazing fitted in March 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Santander are being a right pain. The Tower Hill solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are insisting on a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I am purchasing a property and the lawyer has identified Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly required for conveyancing in Tower Hill
Unless a prior purchase of the property took place after 12 October 2013 you can take it that solicitors delivering conveyancing in Tower Hill to continue to advocate a chancel search and or insurance against a claim.
As co-executor for the estate of my uncle I am disposing of a residence in Swansea but I am based in Tower Hill. My lawyer (based 260 kilometers from meneeds me to execute a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Tower Hill to witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Tower Hill based