The vendors of the house we are hoping to buy have instructed a conveyancing practitioner in Belvedere who has recommended a lock out agreement with a down payment 6,000. Are such contracts the norm for Belvedere conveyancing transactions?
Lock out contracts are contracts between a home owner and purchaser giving the buyer a ‘clear field’ to the sale of the premises for a limited period of time. For all intents and purposes, a lock out is a document specifying that you should have a contract at a later time which is the main conveyancing contract. It is generally utilised for buyer confidence though in many situations, the seller may stand to benefit from such agreements as well. There are many positives and negatives to using an agreement but you need to check with your conveyancer but beware that it may result in incurring extra in conveyancing charges. For this these agreements are not popular in relation to conveyancing in Belvedere.
Are the Belvedere conveyancing solicitors identified as being on the Lloyds conveyancing panel, together with their details provided by Lloyds?
Belvedere conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
My fiance and I wish to acquire a 3 bedroom apartment in Belvedere with a homeloan from Clydesdale.We like our Belvedere conveyancing solicitor but Clydesdale informed us she’s not on their "panel". We have to appoint a Clydesdale panel firm or retain our preferred solicitor and fork out for a Clydesdale panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Clydesdale use our lawyer?
No, not really. The home loan offered to you contains terms and conditions, a common one being that conveyancers needs to be on the Clydesdale approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Clydesdale
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial land in Belvedere?
Many commercial conveyancing solicitors in Belvedere will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Belvedere. The report 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 Belvedere.
For each commercial conveyancing transaction in Belvedere it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to Belvedere commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Belvedere.
3 months have elapsed since my purchase conveyancing in Belvedere concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am thinking of appointing a conveyancing solicitor in Belvedere for my house move. Is it possible to see a solicitor's record with the profession’s regulator?
One may find published Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.