The sellers of the house we are looking to purchase hired a conveyancing practitioner in Kensal Green who has insisted on a preliminary contract with a down payment two thousand pounds. Are such agreements sensible?
There are two main concerns with executing a lock out contract (sometimes known as a no-shop agreement) is that it takes away the focus from moving forward with the conveyancing work, so in the absence of it needing little or no negotiation then it may transpire to be unhelpful. It is not strongly advocated amongst Kensal Green conveyancing practitioners as a result. The other main issue is the extent of the remedies available - a jilted purchaser should not expect to win an injunction to prohibit the seller selling to an alternative purchaser, so the only remedy open via the contract will be the recovery of abortive costs and, in limited circumstances, the extra payment of penalties.
Are the Kensal Green conveyancing solicitors identified as being on the RBS conveyancing panel, together with their details provided by RBS?
Kensal Green conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Kensal Green. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/12/2024, the requirements read as follows :
We are buying a house in Kensal Green. I might seem paranoid but how we can trust a lawyer? At some point we have to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My lawyer has informed me that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Kensal Green?
The right level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Birmingham Midshires and Chelsea Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
I have decided to exercise my right to buy my property in Kensal Green off the council. I have a mortgage agreed with Principality. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Kensal Green. I happened to chance upon a site which looks to be the ideal solution If there is a chance to get all this stuff completed via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Are all Kensal Green conveyancers on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your local lender branch in Kensal Green. Chances are that they will be in a position to list some reputable conveyancing solicitors in Kensal Green