I am getting a mortgage offer from Nat West. I intend to use a Licensed Conveyancer in Newhaven. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We have very pushy sellers who has suggested a exclusivity agreement with a down payment 6,000. Is it wise to enter into such agreements?
Lock out agreements are contracts between a property owner and purchaser giving the buyer exclusive rights to the sale of the property within a prescribed time frame. Essentially, a lock out agreement is a contract specifying that you should receive a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer protection though in some cases, the owner may stand to benefit from such agreements as well. There are numerous positives and negatives to having them but you should to check with your lawyer but beware that it may result in incurring extra in conveyancing fees. In light of these reasons these contracts are not popular in relation to conveyancing in Newhaven.
We are planning to acquire a house and require a conveyancing solicitor in Newhaven who is on the TSB approved panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Newhaven.
Various web forums that I have come across warn that are a common cause of obstruction in Newhaven conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Newhaven.
I have been on the look out for a flat up to £235,500 and identified one close by in Newhaven I like with a park and railway links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Newhaven suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
How do I use your search tool to select a conveyancing practitioner in Newhaven on the panel for my lender?
First choose a bank such as Santander, Norwich and Peterborough Building Society or Alliance & Leicester then specify your location for example Newhaven. Conveyancing organisations in Newhaven and further afield will then be shown.