The vendors of the house we are hoping to buy have instructed a conveyancing solicitor in Bankside who has insisted on a preliminary agreement with a down payment 10k. Is it wise to enter into such agreements?
There are two main downsides with executing a lock out agreement (occasionally termed a shut-out contract) is that it takes away the focus from progressing with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it may turn out to be unhelpful. It is not strongly advocated by Bankside conveyancing solicitors as a result. The other main negative is the extent of the remedies available - a jilted buyer should not expect to be issued with an injunctive ruling by a court to prevent the seller disposing of the property to a third party, so the only remedy open via the contract will be the recovery of wasted costs and, in rare circumstances, the additional payment of penalties.
It is 10 years ago since I purchased my home in Bankside. Conveyancing solicitors have recently been instructed on the sale but I can't track down the title documents. Is this a problem?
Don’t worry too much. First there is a chance that the deeds will be retained by the mortgage company or they may be in the possession of the lawyers who oversaw your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Bankside relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
Do the Building Society Association intend to launch a online directory to list practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Bankside?
We are not aware of any intention on the part of the BSA to promote such a register.
My wife and I buying a terrace house in Bankside. Our aim is to carry out an extension to the side at the house.Will legal conveyancing on the property include enquiries to ascertain if these works are allowed?
Your conveyancer will review the registered title as conveyancing in Bankside will sometimes reveal restrictions in the title documents which prohibit categories of alterations or necessitated the permission of another owner. Certain extensions need local authority planning permissions and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be wise to check these issues with a surveyor prior to committing yourself to a purchase.
How can we tell if a Bankside conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Bankside seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer conducting your transaction.
Two weeks ago we had a mortgage agreed in principle with Coventry BS. Bankside conveyancing lawyers have been chosen. What is the average time that one could expect to receive a mortgage offer from Coventry BS?
There is no definitive answer here. Have Coventry BS conducted the survey? Have you advised Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I decided to have a survey completed on a property in Bankside before appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks may not issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bankside. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the words on line conveyancing in Bankside it brings up numerous conveyancersin the vicinity. How do I determine which is the suitable property lawyer for the sale of my house?
The preferential way of seeking a suitable conveyancer is via trusted testimonial, so enquire of colleagues and relatives who have bought a property in Bankside or the local estate agent or mortgage broker. Fees for conveyancing in Bankside differ, so it's a good idea to request at least four fee calculations from different law firms. Be sure to secure confirmation that the costs are guaranteed not to to be inflated.