We have rather assertive vendors who has insisted on a exclusivity agreement with a down payment of 5k. Are such arrangements promoted for Herne Bay conveyancing transactions?
There are two main drawbacks with signing a lock out contract (occasionally known as a shut-out contract) is that it can distract from progressing with the conveyancing process, so in the absence of it needing minimal or no negotiation then it could transpire to be unhelpful. It is not strongly advocated by Herne Bay conveyancing solicitors as a result. A further concern is the extent of the remedies available - a jilted buyer is not likely to be granted an injunction to prevent the owner disposing of the property to another buyer, so the only remedy available under the contract will be the reimbursement of abortive charges and, in rare situations, the additional payment of damages.
Can I use your services to locate a Conveyancing solicitor in Herne Bay even if I’m not purchasing or selling a house, for example if I intend to acquire a shop in Herne Bay with a loan from Halifax?
Our search tool is mainly utilised to locate domestic conveyancing solicitors in Herne Bay but we have recorded at the bottom of this page some Herne Bay commercial conveyancing firms. You should speak with the solicitors directly to establish if they can also act for Halifax
Our bank has suggested solicitors on their panel based in Herne Bay but I would rather instruct a conveyancing lawyer in Herne Bay or nearer to where I live. Are you able to assist?
The minority of Herne Bay conveyancing firms are on all lender’s conveyancing panel. Please make use of the above search tool to locate a Herne Bay conveyancing firm on the on the lender panel.
My partner and I are selling our property in Herne Bay and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a web based conveyancing practice rather than a conveyancing solicitor in Herne Bay. We have lived in Herne Bay for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I'm buying my first flat in Herne Bay with the aid of help to buy. The builders refused to reduce the price so I negotiated £7000 of extras instead. The sale representative advised me not reveal to my conveyancer about this deal as it would impact my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Herne Bay is the location of the property. Can you offer any guidance?
Flying freeholds in Herne Bay are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Herne Bay you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Herne Bay may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.