The sellers of the house we are purchasing have appointed a conveyancing firm in Bognor Regis who has recommended a preliminary contract with a down payment of 5k. Are such agreements recommended for Bognor Regis conveyancing transactions?
This form of preliminary agreement is unusual in Bognor Regis, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no guarantee that just because the seller has entered into an exclusivity contract they will sell to you. They may be motivated to break the contract if they receive a big enough financial inducement to do so because an aggrieved party with the benefit of a lockoutcontract will still be obliged show losses as a consequence of the breach and these may not equalise the extra amount that the owner may secure by reneging on the contract, however morally unworthy that may be.
We note that you have a post code search directory listing law firms on the Principality conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Bognor Regis?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bognor Regis.
I have been recommended a conveyancing solicitor in Bognor Regis. I I would like to check whether they are on the Accord Mortgages Ltd conveyancing panel. Can you assist?
The first thing to do is call the solicitor and ask them whether they are on the lender panel. Alternatively you can call Accord Mortgages Ltd who may be able to help.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The lawyers who did the conveyancing in Bognor Regis 10 years ago are no longer around. What do I do?
Gone are the days when you need to hold title deeds to establish that you are the owner of your registered land or premises, given that the Land Registry hold details of all registered land or property electronically.
I am looking for a ground for flat up to £305k and found one near me in Bognor Regis I like with open areas and railway links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Bognor Regis in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years may be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm purchasing a house in Bognor Regis. I have found my conveyancer's company on the Law Society's list, but I can't find my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not all staff in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.