The sellers of the property we are looking to purchase hired a conveyancing practitioner in Haverfordwest who has suggested a lock out agreement with a deposit of 5k. Are such agreements sensible?
Exclusivity contracts are contracts binding a property vendor and purchaser granting the buyer a ‘clear field’ to purchase the premises for a set period of time. Essentially, an exclusivity is a document specifying that you will be issued with a contract at a later time which is the contract for the actual sale. It is generally utilised for buyer confidence though in some cases, the vendor may enjoy an upside from such agreements as well. There are many pros and cons to having them but you need to check with your solicitor but beware that it may end up incurring more in conveyancing charges. In light of these reasons these contracts are unusual when it comes to conveyancing in Haverfordwest.
I have been recommended a conveyancing solicitor in Haverfordwest. I need to find out whether they are accepted on the Coventry Building Society approved list of lawyers. Can you assist?
You should call your lawyer and enquire whether they can act for the lender. Otherwise please call Coventry Building Society who may be able to help.
What is the difference between a licensed conveyancer and conveyancing solicitor in Haverfordwest
There are many recorded licenced Conveyancers in Haverfordwest and Solicitor practices in Haverfordwest who provide Conveyancing services We would stress that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. The two can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
After weeks of negotiation I have agreed a price on a house in Haverfordwest. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. A few days later, the property lawyer called me to say that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have finally had an offer on a flat in Haverfordwest agreed to, the sellers do however have a connected purchase. The sellers have offered on a flat, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Haverfordwest. What do I do now? At what point should I apply for the mortgage with Skipton?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, Haverfordwest conveyancing search costs, etc). First, you must check that your solicitor is on the Skipton approved list. Regarding the subsequent steps this very much dictated by the specifics of your transaction, motivation for this property and on the state of the market. In a hot market the majority of purchasers will apply for the mortgage with Skipton and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to proceed with searches.
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a residence in Haverfordwest? or Apparently there is historic law that could mean that homeowners residing in a parish church boundary will be compelled to pay for repairs towards the chancel within the church. Is this a legitimate concern for conveyancing in Haverfordwest?
Unless a prior purchase of the premises completed after 12 October 2013 you could take it that conveyancing practitioners conducting conveyancing in Haverfordwest to remain encouraging a chancel search and or insurance against a claim.
I have justdiscovered that Stirling Law have closed. They carried out my conveyancing in Haverfordwest for a purchase of a leasehold flat 10 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Haverfordwest conveyancing specialists.
I opted to have a survey carried out on a house in Haverfordwest in advance of instructing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies will not issue a mortgage on such a house.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Haverfordwest. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Haverfordwest to see if the conveyancing costs will increase in light of this.