I am purchasing a maisonette in North Wembley. My Conveyancer has never been on on the mortgage company conveyancing list. Can I still use my North Wembley conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel of approved conveyancing solicitors?
You have a couple of options available to you here
- Proceed with your existing North Wembley conveyancing practitioner but your mortgage company will need to instruct a conveyancing practitioner from their conveyancing panel. The net result is additional fees together with likely interruption.
- Appoint a new conveyancer to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Appeal to your solicitor to attempt to join the bank panel
We have rather brash vendors who has suggested a exclusivity agreement with a payment 6,000. Is it wise to enter into such agreements?
Lock out contracts are agreements between a property vendor and purchaser granting the buyer exclusive rights to the sale of the property for a certain period of time. For all intents and purposes, an exclusivity agreement is a contract stating that you will be issued with a contract at a later time being the contract for the actual sale. It is generally utilised for buyer assurance though in many situations, the vendor may stand to benefit from such agreements as well. There are various pros and cons to using them but you should to check with your conveyancer but note that it may result in incurring extra in conveyancing fees. In light of this these agreements are unusual when it comes to conveyancing in North Wembley.
I am intent on selling our house in North Wembley and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street North Wembley lawyer would know that there is no such problem. It does beg the question why the purchasers instructed an internet conveyancing firm as opposed to a conveyancing solicitor in North Wembley. Having lived in North Wembley for 4 years we know that this is a non issue. Should we get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should check with 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 illness)
I have recentlyfound out that Stirling Law have closed. They carried out my conveyancing in North Wembley for a purchase of a leasehold flat 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can make 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 North Wembley conveyancing specialists.
I'm buying my first flat in North Wembley benefiting from help to buy. The sellers refused to budge the amount so I negotiated 6k of extras instead. The estate agent told me not disclose to my lawyer about this extras as it could impact my loan with Leeds Building Society. Should I keep quiet?.
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.
We're first time buyers - agreed a price, but the selling agent told us that the owners will only move forward if we instruct their preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in North Wembley
It is improbable the vendors are behind this. If they want ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you intend to use your own,trusted North Wembley conveyancing solicitors - rather thanthe ones that will earn their estate agent a commission or meet his conveyancing figures demanded by corporate headquarters.