The owners have very brash sellers who has suggested a lock out contract with a deposit 6,000. Are such agreements sensible?
There are a couple of main downsides with executing a lock out contract (sometimes termed a no-shop agreement) is that it takes away the focus from progressing with the conveyancing work, so in the absence of it needing minimal or no negotiation then it could transpire to be a hindrance. It is not particularly popular by Barnard Castle conveyancing lawyers as a result. A further issue is the extent of the remedies available - an aggrieved purchaser is very unlikely to secure an injunctive ruling by a court to prevent the vendor selling to an alternative purchaser, so the only remedy available under the agreement will be the recovery of wasted charges and, in restricted scenarios, the additional payment of penalties.
Do banks and building societies provide you with an approved list of Barnard Castle conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?
Barnard Castle conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
Me and my partner are purchasing a apartment in Barnard Castle. It might be a silly question but how we can trust a solicitor? At some point we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Barclays, do Barnard Castle solicitors face a fee to be on the list of approved solicitors?
We are not aware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
I currently have a mortgage with Lloyds for my property in Barnard Castle. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
Your original mortgage agreement with Lloyds will provide that you need their approval prior to renting your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel firm.
My wife and I own a semi-detached Georgian house in Barnard Castle. Conveyancing solicitor acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barnard Castle and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.
My company is wishing to lease a unit on the high street. Can you recommend solicitors offering fixed fees for commercial conveyancing in Barnard Castle for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Barnard Castle, including the sale and purchase of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. Regarding the charges these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or email us so that we can furnish you with comprehensive commercial conveyancing quote.
My cousin has recommend that I appoint his lawyers for conveyancing in Barnard Castle. Should I use them?
Much as we are happy to recommend a Barnard Castle conveyancing lawyer the best way to select a conveyancing lawyer is to have recommendations from friends or family who have actually used the firm that you are considering.