Me and my fiance are purchasing a maisonette in Taunton. My Conveyancer is not listed on the lender approved list. Am I still permitted to retain my Taunton conveyancing solicitor even though they are excluded from the lender panel?
You have numerous alternatives available to you here
- Proceed with your existing Taunton property lawyer but your bank will undoubtedly use a conveyancer from their conveyancing panel. This will result in additional fees together with probable interruption.
- Choose a new conveyancer to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Appeal to your solicitor to attempt to join the bank panel
We have very pushy vendors who has recommended a lock out contract with a down payment 10k. Are such agreements sensible?
There are two main drawbacks with executing a lock out contract (occasionally known as a shut-out contract) is that it diverts attention away from making progress with the conveyancing process, so unless it requires little or no negotiation then it may turn out to be a cause of frustration and delay. It is not promoted amongst Taunton conveyancing lawyers for this reason. A further concern is the extent of the remedies available - a jilted buyer should not expect to be issued with an injunctive ruling by a court to bar the seller disposing of the property to another buyer, so the only remedy available under the contract will be the recovery of abortive charges and, in rare situations, the extra payment of damages.
I am planning to acquire a property and need a conveyancing solicitor in Taunton who is on the Barnsley Building Society approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barnsley Building Society in certain locations such as Taunton. We dont recommend any particular firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Taunton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Taunton
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am looking for a flat up to £305k and identified one near me in Taunton I like with open areas and station in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Taunton suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
We're FTB’s - agreed a price, but the agent has warned us that the owners will only go ahead if we use their recommended lawyers as they want an ‘expedited deal’. We would rather use a local solicitor accustomed to conveyancing in Taunton
We suspect that the owner is not behind this ultimatum. Should the seller desire ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to instruct your preferred Taunton conveyancing lawyers - as opposed tothe ones that will earn their negotiator at the agency a referral fee or hit his conveyancing thresholds pre-set by corporate headquarters.