I am not well enough to travel far from Duxford. Is there a reason why all Duxford conveyancing practitioners aren't automatically on all bank panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or conveyancer’s point of view, the other side of the coin is that banks are becoming ever more anxious and feel it essential to defend themselves against mortgage fraud. As a consequence of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a manageable size.
The owners of the house we are purchasing are using a conveyancing practitioner in Duxford who has suggested a preliminary agreement with a non-refundable deposit 10k. Are such arrangements generally advanced for Duxford conveyancing transactions?
There are two main downsides with signing a lock out agreement (sometimes termed a no-shop agreement) is that it takes away the focus from moving forward with the conveyancing transaction itself, so in the absence of it needing limited or no negotiation then it could transpire to be a hindrance. It is not promoted by Duxford conveyancing solicitors for this reason. A further issue is the extent of the remedies available - an aggrieved purchaser should not expect to be issued with an injunctive ruling by a court to bar the seller disposing of the property to an alternative purchaser, so the only remedy available under the contract will be the recovery of abortive charges and, in rare scenarios, the additional payment of penalties.
We are buying a house and require a conveyancing solicitor in Duxford who is on the Kent Reliance 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 Kent Reliance . We don't recommend any particular firms conducting conveyancing in Duxford.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Duxford. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Nationwide will insist on your using a conveyancer on the Nationwide conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide mortgage is registered as a charge at the Land Registry.
I am looking for a leasehold apartment up to £245,000 and found one near me in Duxford I like with amenity areas and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Duxford in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I am looking into buying my first house which is in Duxford and I am already nervous. I couldn't find anything specific about Duxford. Conveyancing will be needed in due course but do you know about the Duxford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Duxford. In the meantime here are some basic statistics that we found