The vendors of the home we are purchasing have appointed a conveyancing firm in Whitley Bay who has suggested a exclusivity contract with a non-refundable deposit 6,000. Are such contracts recommended for Whitley Bay conveyancing transactions?
This form of agreement isn't frequently used in Whitley Bay, conveyancers will often sway clients away from them as they detract from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the proprietor has executed an exclusivity agreement they will sell to you. They may be in contravention of the agreement if they are offered a large enough financial inducement to do so because an aggrieved buyer with the benefit of a lockoutcontract will still have to show losses as a consequence of the breach and this may not amount to the financial upside that the owner may gain by breaking the contract, however morally unworthy it undoubtedly is.
Can you clarify what the consequences are if my lawyer’s firm is expelled from the Lloyds Conveyancing panel ahead of completing my conveyancing in Whitley Bay?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My wife and I purchasing a terrace house in Whitley Bay. The intention is to an extension at the rear at the property.Will the conveyancing process include checks to ascertain if these works are prohibited?
Your solicitor will check the deeds as conveyancing in Whitley Bay will sometimes reveal restrictions in the title deeds which prohibit categories of alterations or need the permission of another owner. Many additions need local authority planning permissions and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
Intending to buy a house in Whitley Bay. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Whitley Bay conveyancing practitioner is on the Clydesdale conveyancing panel.
I had an offer accepted on an apartment in Whitley Bay on 13/5/2025, valuation was booked 2 days later, received a clean bill of health. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Clydesdale and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Clydesdale conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
About to purchase a new build flat in Whitley Bay. Conveyancing is a frightening process 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 conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Whitley Bay
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I have been on the look out for a flat up to £245,000 and found one near me in Whitley Bay I like with a park and station nearby, however it's only got 52 remaining years left on the lease. There is not much else in Whitley Bay in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan that many years will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Whitley Bay. I happened to land on a site which seems to have the perfect solution If it is possible to get all the legals completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?