The owners have very pushy vendors who has insisted on a lock out agreement with a down payment two thousand pounds. Are such agreements sensible?
There are two main downsides with entering into any lock out contract (occasionally referred to as a shut-out contract) is that it can distract from progressing with the conveyancing process, so in the absence of it needing little or no negotiation then it may turn out to be a hindrance. It is not strongly advocated amongst Fordingbridge conveyancing practitioners for this reason. A further negative is the extent of the remedies available - an aggrieved buyer is very unlikely to win injunctive relief to prohibit the seller completing the sale to another buyer, so the only remedy open via the agreement will be the reimbursement of wasted charges and, in restricted scenarios, the additional payment of damages.
We are getting the release of further funds on our home loan from Santander as we wish to conduct alterations to our house in Fordingbridge. Are we obliged to select a high street Fordingbridge solicitor on the Santander conveyancing panel to deal with the legals?
Santander don't usually instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander panel.
We expect to receive a AIP from Clydesdale this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Clydesdale recommend any Fordingbridge solicitors on the Clydesdale conveyancing panel, or is it better to go independently?
You will need to appoint Fordingbridge solicitors independently although you'll need to choose one on the Clydesdale conveyancing panel. The solicitor represents both you and Clydesdale through the process.
I am currently in the process of buying my council flat in Fordingbridge. I have a mortgage agreed with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
Should our conveyancer be raising enquiries concerning flooding as part of the conveyancing in Fordingbridge.
Flooding is a growing risk for solicitors specialising in conveyancing in Fordingbridge. There are those who acquire a house in Fordingbridge, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, but there are a number of checks that can be initiated by the buyer or by their lawyers which should give them a better appreciation of the risks in Fordingbridge. The standard information supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the seller to find out if the property has historically flooded. In the event that the property has been flooded in past and is not notified by the vendor, then a purchaser may issue a legal claim for losses stemming from an inaccurate response. The buyer’s conveyancers may also order an enviro search. This will reveal if there is any known flood risk. If so, additional investigations will need to be made.
Are there restrictive covenants that are commonly identified as part of conveyancing in Fordingbridge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Fordingbridge. 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 am downsizing from my home. My former conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Fordingbridge if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Fordingbridge. 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.
We're first time buyers - had an offer accepted, yet the property agent informed us that the seller will only proceed if we use their chosen solicitors as they want a ‘quick sale’. We would rather use a high street solicitor who is familiar with conveyancing in Fordingbridge
We suspect that the owner is unaware of this demand. Should the seller desire ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to use your preferred Fordingbridge conveyancing solicitors - not the ones that will provide the negotiator at the agency a commission or meet his conveyancing thresholds pre-set by head office.