Much to our surprise we have been advised by our IFA that my Bamburgh solicitor is not on the bank Conveyancing panel. How can I check?
Your first step should be to call your Bamburgh lawyer directly. You lawyer should notify you of the situation. Where they are not on the panel they may recommend you to a Bamburgh conveyancing practice that is on the conveyancing panel for your bank.
The sellers of the home we are looking to purchase hired a conveyancing practitioner in Bamburgh who has suggested a lock out contract with a non-refundable deposit of 5k. Are such agreements the norm for Bamburgh conveyancing transactions?
There are a couple of primary drawbacks with executing a lock out contract (sometimes termed an exclusivity agreement) is that it can distract from moving forward with the conveyancing work, so unless it requires little or no negotiation then it could turn out to be a hindrance. It is not particularly popular by Bamburgh conveyancing solicitors as a result. The other main issue is the extent of the remedies available - a jilted buyer is very unlikely to obtain injunctive relief to prevent the seller disposing of the property to an alternative purchaser, so the only remedy available under the agreement will be the recovery of wasted charges and, in limited situations, the additional payment of penalties.
We see that you have a search directory identifying firms on the Barclays conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Bamburgh?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bamburgh.
I own a 4 bedroom Edwardian property in Bamburgh. Conveyancing solicitor acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bamburgh and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who conducted the purchase.
I am downsizing from my house. My past solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Bamburgh if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Bamburgh. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Planning to exchange soon on a garden flat in Bamburgh. Conveyancing solicitors inform me that they report fully tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Bamburgh should include some of the following:
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specifics of the parties to the lease, e.g. these could be the lessee, superior lessor, landlord The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Do you need to have carpet in the flat or are you allowed wood flooring? Are you allowed to have a pet in the flat?
Bamburgh Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying
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What is the the remaining lease term? Best to be warned whether fixing the lift or some other major work is pending that will be shared between the leaseholders and could well dramatically increase the the maintenance fees or necessitate a specific payment.