The owners have rather assertive vendors who has suggested a preliminary agreement with a down payment 10k. Is it wise to enter into such agreements?
This form of contract isn't frequently used in Mansfield, conveyancers will often sway clients away from them as they detract from the primary focus, namely conveyancing 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 proprietor has entered into an exclusivity agreement they will sell to you. They may breach the contract if they receive sufficient incentive to do so because a wronged party with the benefit of a lockoutcontract will still have to establish consequential losses from the breach and these may not amount to the financial upside that the owner may gain by reneging on the agreement, however morally condemnable that may be.
Why do I have to pay up front for conveyancing in Mansfield?
If you are buying a property in Mansfield your solicitor will ask you place them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the conveyancing searches. If any deposit is as part of the total price then this will be required immediately prior to exchange of contracts. The final balance that is needed should be sent to your lawyer a few days ahead of the day of completion.
My wife and I have a 4 bedroom Georgian house in Mansfield. Conveyancing solicitor acted for me and Santander. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the matching address. Is it worth asking Santander to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Mansfield and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing solicitor who conducted the purchase.
I am purchasing a new build house in Mansfield with the aid of help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not reveal to my conveyancer about the side-deal as it would put at risk my loan with Norwich and Peterborough Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
How can the Landlord & Tenant Act 1954 affect my business offices in Mansfield and how can you help?
The particular law that you refer to provides security of tenure to business lessees, giving them the legal entitlement to apply to court for a renewal lease and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Mansfield is one of the hundreds of areas of the UK in which the firms we work with are located
I am using a search engine for the phrase on line conveyancing in Mansfield it shows results of many conveyancerslocally. With so much choice what is the best way to find the suitable conveyancer for the sale of my house?
The preferential way of choosing the right conveyancer is via personal recommendation, so ask friends and family who have purchased a property in Mansfield or a local estate agent or mortgage broker. Charges for conveyancing in Mansfield vary, so it's a good idea to obtain a minimum of three fee calculations from different solicitors. Make sure that you know what costs in the quote includes.