The vendors of the property we are purchasing are using a conveyancing practitioner in Aldershot who has suggested a preliminary agreement with a non-refundable deposit of 5k. Is it wise to enter into such agreements?
Exclusivity agreements are contracts binding a property vendor and prospective buyer granting the buyer a ‘clear field’ to the sale of the premises for a limited period of time. Essentially, an exclusivity agreement is a contract specifying that you should have a contract at a later date which is the contract for the actual sale. It tends to be used for buyer assurance though in many situations, the proprietor may stand to benefit from such agreements as well. There are many positives and negatives to having an agreement but you need to check with your conveyancer but beware that it may result in costing you more in conveyancing fees. In light of this these agreements are rare in relation to conveyancing in Aldershot.
I am buying a property and require a conveyancing solicitor in Aldershot who is on the Alliance & Leicester approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Aldershot. We dont recommend any particular firm.
We are buying a terrace house in Aldershot. The intention is to carry out a loft conversion at the property.Will the conveyancing process include checks to see if these alterations were previously refused?
Your property lawyer should review the deeds as conveyancing in Aldershot will sometimes identify restrictions in the title deeds which prohibit certain alterations or necessitated the permission of another owner. Many extensions require local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I was told three weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Aldershot is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
Our offer on a semi in Aldershot has been agreed to, but there is a chain. The owners have put an offer on somewhere, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a local conveyancing solicitor in Aldershot. What should be my next step? At what stage should I apply for the mortgage with Co-operative?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then survey, Aldershot conveyancing search costs, etc). First, you must ensure that your property lawyer is on the Co-operative approved list. Concerning the next stages this very much depends on the circumstances of your case, motivation for the property and on the state of the market. During a rising market the majority of buyers would apply for a home loan with Co-operative and arrange for the valuation and only if it comes back ok would they request their conveyancer to proceed with the conveyancing in Aldershot.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Aldershot?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Aldershot. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying a new build house in Aldershot with a mortgage from Accord Mortgages Ltd. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent told me not inform my conveyancer about the extras as it could jeopardize my loan with Accord Mortgages Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking to sell my home. My previous solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Aldershot if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Aldershot. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.