We have rather pushy vendors who has suggested a preliminary contract with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?
There are a couple of primary concerns with signing a lock out agreement (sometimes referred to as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing work, so in the absence of it needing limited or no negotiation then it could turn out to be unhelpful. It is not promoted by Beaconsfield conveyancing practitioners as a result. The other main concern is the extent of the remedies available - an aggrieved purchaser should not expect to be issued with an injunctive ruling by a court to stop the vendor disposing of the property to another buyer, so the only remedy open via the contract will be the reimbursement of abortive costs and, in limited circumstances, the extra payment of damages.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Beaconsfield with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
There is nothing to stop you using your solicitor, but UBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
My wife and I are purchasing a house in Beaconsfield. I might seem paranoid but how we can trust a lawyer? On completion day we have to put our life savings into their account. What is the protection we have from them run away with our deposit?
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.
I can not fathom if my lender requires a lease extension. I have called my Beaconsfield bank branch on various occasions and was advised it wasn't an issue and they would lend. My Beaconsfield conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. I have no idea who is right.
Your solicitor must follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I recently had an offer accepted on a house in Beaconsfield. My financial adviser recommended their conveyancers. I paid an upfront payment of £200. Not long after, the property lawyer contacted me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Due to the encouragement of my in-laws I had a survey completed on a property in Beaconsfield in advance of retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some banks may not grant a loan on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Beaconsfield. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking to sell my property. My former lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Beaconsfield if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Beaconsfield. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I need to appoint a conveyancing solicitor for some conveyancing in Beaconsfield. I've stumble across a web site which seems to have the perfect offering If there is a chance to get all the legals done via web that would be preferable. Do I need to be wary? What should out be looking out for?
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?