The owners have rather assertive sellers who has recommended a exclusivity agreement with a deposit 6,000. Is it wise to enter into such agreements?
Lock out contracts are agreements binding a home vendor and purchaser granting the buyer a ‘clear field’ to purchase the premises within a prescribed time frame. Essentially, a lock out is a document specifying that you should be issued with a contract at a later date being the contract for the actual sale. It is generally used for buyer confidence though in many situations, the vendor may enjoy an upside from such agreements as well. There are many pros and cons to using an agreement but you need to check with your lawyer but note that it may result in costing you extra in conveyancing fees. In light of this these agreements are unusual when it comes to conveyancing in Mill Hill.
It is is a decade since I purchased my house in Mill Hill. Conveyancing solicitors have just been instructed on the sale but I am unable to find my title deeds. Is this a problem?
Don’t worry too much. First there is a chance that the deeds will be retained by your mortgage company or they could be archived with the lawyers who handled your purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Mill Hill involves registered property but in the unlikely event that your home is unregistered it is more problematic but is resolvable.
I have an AIP. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would prefer to appoint a Mill Hill based conveyancing firm?
Do check but the the probability is that give you one of their panel solicitors if you accept the "fee-free" deal. Speak to the mortgage company and check if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Mill Hill.
I have recentlybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Mill Hill for a purchase of a leasehold flat 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to see if the premises is registered to you, 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 Mill Hill conveyancing specialists.
I am buying my first flat in Mill Hill with the aid of help to buy. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not to tell my solicitor about this extras as it would impact my loan with The Mortgage Works. 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.
I am looking for Mill Hill competitive conveyancing fees. Can I be assured that all the Mill Hill practices that are listed on your site are on the mortgage company conveyancing panel?
The law firms on our directory have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Mill Hill firm being on the bank conveyancing panel is not accurate.