We have very assertive sellers who has recommended a exclusivity contract with a non-refundable deposit 10k. Is it wise to enter into such agreements?
There are two primary downsides with entering into any lock out agreement (sometimes referred to as an exclusivity agreement) is that it can distract from moving forward with the conveyancing process, so unless it requires limited or no negotiation then it may transpire to be unhelpful. It is not particularly popular amongst Alton conveyancing lawyers as a result. A further concern is the extent of the remedies available - an aggrieved buyer is extremely unlikely to obtain an injunction to stop the owner completing the sale to another buyer, so the only remedy open via the contract will be the reimbursement of abortive charges and, in limited circumstances, the extra payment of damages.
In what way does my ID and proof of funds have anything to do with my conveyancing in Alton? Why is this being asked of me?
In order to comply with Money Laundering Regulations any Alton conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility account evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to validate not simply the ID of conveyancing clients but also the source of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to notify the appropriate authorities should they believe that any amounts received by them may contravene the Money Laundering Regulations.
My Solicitor in Alton is not listed on the TSB Approved Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the TSB list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Alton solicitors but TSB will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the overall legal fees and cause frustration.
- Get an alternative lawyer to act in the purchase, not forgetting to check they are TSB approved.
- Persuade your TSB based solicitor to seek to join the TSB panel
I am assisting my mother sell her flat in Alton. Does the conveyancing solicitor order an EPC or it is for the owner to see to?
After the demise of Home Packs, EPC’s was maintained a required element of moving property. An energy performance certificate needs to be commissioned in advance of the property being advertised. This is not as aspect of the sale process that conveyancers ordinarily organise. If you are instructing a Alton conveyancing lawyer they might be willing to arrange EPC’s given their relationships with reputable local accredited person
This question may be naive but I am new to the home buying as FTB of a garden flat in Alton. Do I receive the keys to the house on completion from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Alton?
On the day of completion you will not be required to attend the conveyancers office in Alton. Your solicitors will transfer the completion advance to the owner’s conveyancers, and once they have received this, you will be called to pick up the keys from the selling Agents and start moving into the property. Usually this occurs between 1 and 3pm.
I was told two weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Alton is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will commercial conveyancing searches disclose planned roadworks that could affect a commercial land in Alton?
Its becoming the norm that commercial conveyancing solicitors in Alton will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Alton. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Alton.
For each commercial conveyancing transaction in Alton it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Alton commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Alton.
How do I search for a Alton law firm on the Bank of Ireland conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the tool on this website. Please select a lender and your location and you will see a number of Alton conveyancing lawyers locally. We have detailed some Alton conveyancing firms towards the end of this page and you can contact them to check whether they are on the Bank of Ireland member panel