The owners have very brash vendors who has recommended a preliminary contract with a down payment 10k. Is it wise to enter into such agreements?
Exclusivity agreements are contracts binding a home vendor and prospective acquirer giving the buyer exclusive rights to purchase the property within a prescribed time frame. For all intents and purposes, a lock out agreement is a contract stating that you will be issued with a contract at a later time being the main conveyancing contract. It tends to be utilised for buyer protection though in many situations, the vendor may stand to benefit from such agreements as well. There are many pros and cons to having an agreement but you need to check with your lawyer but beware that it may end up costing you extra in conveyancing fees. For this these agreements are avoided in relation to conveyancing in Westonzoyland.
I am downsizing from our house in Westonzoyland and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the purchasers instructed an internet conveyancing firm rather than a conveyancing solicitor in Westonzoyland. We have lived in Westonzoyland for many years we know of no issue. Should we contact our local Authority to get clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to 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 health insurance to cover that same illness)
I am buying a new build apartment in Westonzoyland. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Westonzoyland
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Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey done on a house in Westonzoyland before retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders will refuse to issue a loan on such a premises.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you e-mail us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Westonzoyland. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Westonzoyland to see if the conveyancing costs will increase in light of this.
I am selling my home. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Westonzoyland if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Westonzoyland. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I have read on various online forums that before selecting a conveyancing firm they need approved by your mortgage company. I am first time buyer with but I have an AIP with Nat West Bank and I already have a local conveyancing solicitor in Westonzoyland lined up. Can Santander insist on an approved conveyancer to be selected? Does a directory of panel solicitors even exist so I can choose a conveyancing solicitor in Westonzoyland?
You should instruct a solicitor that is on the Santander panel. Just call your preferred Westonzoyland conveyancing solicitor to check if they are on the Santander panel. If they are not approved you have numerous options open to you here:
- Complete the deal with your chosen Westonzoyland conveyancer but Santander will need to appoint a conveyancer from their conveyancing panel. The net result is additional charges together with potential frustration.
- Choose a fresh property lawyer to act in the purchase, making sure they are on the Santander conveyancing panel.
- Convince your property lawyer to do everything possible to get listed on the Santander conveyancing panel.