The sellers of the property we are purchasing hired a conveyancing solicitor in Dorchester who has insisted on a lock out agreement with a non-refundable deposit 10k. Are such agreements sensible?
Exclusivity agreements are agreements between a property owner and prospective buyer giving the buyer exclusive rights to purchase the premises for a set period of time. For all intents and purposes, an exclusivity is a document specifying that you will receive a contract at a later date which is the contract for the actual sale. It is generally used for buyer assurance though in some cases, the seller may stand to benefit from such agreements as well. There are many positives and negatives to having an agreement but you should to check with your lawyer but beware that it may result in costing you more in conveyancing fees. In light of these reasons these agreements are avoided when it comes to conveyancing in Dorchester.
We are buying a property and require a conveyancing solicitor in Dorchester who is on the Co-operative solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Dorchester.
I used Arc property Solicitors a few years ago for my conveyancing in Dorchester. Now, I need my files however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Dorchester of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Dorchester benefiting from help to buy. The developers would not move on the amount so I negotiated 6k of extras instead. The property agent suggested that I not disclose to my conveyancer about this extras as it may jeopardize my loan with Godiva Mortgages Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it possible to change solicitor as I have to select one who is on the Santander conveyancing panel. I hired a family conveyancing solicitor in Dorchester five minutes from me but the firm is not approved by Santander
It would be our pleasure to help you find a conveyancing solicitor in Dorchester on the Santander panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Dorchester. Using the find a conveyancing solicitor tool on this website, you can contrast fees for conveyancing solicitors in Dorchester and beyond.
I am on look out for some leasehold conveyancing in Dorchester. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and most are in Dorchester - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Dorchester Leasehold Conveyancing - Sample of Queries before Purchasing
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It is important to be aware whether window replacement or some other major work is coming up to be shared amongst the leasehold owners and will dramatically impact the level of the service charges or necessitate a specific invoice. How much is the ground rent and service charge?