It has come to my attention via my estate agent that my Barbican property lawyer is not on the bank Solicitor panel. What can I do to be sure whether this is correct?
You need to call your Barbican lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they may recommend you to a Barbican conveyancing practice that is on the approved list of lawyers for your mortgage company.
We have very pushy vendors who has recommended a preliminary contract with a non-refundable deposit 10k. Are such contracts promoted for Barbican conveyancing transactions?
Lock out agreements are agreements binding a home vendor and purchaser giving the buyer exclusive rights to the sale of the property within an agreed time frame. For all intents and purposes, a lock out is a document specifying that you will receive a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer protection though in some cases, the proprietor may stand to benefit from such agreements as well. There are many positives and negatives to using them but you should to check with your conveyancer but beware that it may end up incurring more in conveyancing charges. For these reasons these agreements are avoided in relation to conveyancing in Barbican.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Barbican so that I can pop in to their offices when needed.
As opposed to ten years ago, most mortgage companies no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to hand over identification documents and there are still manifest benefits to choosing a locally based solicitor, in your case a conveyancing solicitor in Barbican.
If you had a top tip for choosing a conveyancing solicitor in Barbican what would it be?
We would encourage you not to base your choice on the lowest Barbican conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am purchasing a property in Barbican. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As your lender is Clydesdale your lawyer must check the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Clydesdale where a lease does not satisfy these conditions. The conditions relate to the installation of panels on properties nationwide and is not restricted to Barbican.
Intending to buy a house in Barbican. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Barbican solicitor is on the Santander conveyancing panel.
I require expedited conveyancing in Barbican as I have a deadline to sign on the dotted line in less than one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at liberty not to do searches although no solicitor would suggest that you don't. With plenty of history conveyancing in Barbican the following are examples of what can be revealed and therefore affect future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I am buying a new build flat in Barbican. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Barbican
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.