The owners of the property we are purchasing are using a conveyancing firm in East Dean who has recommended a exclusivity contract with a deposit 10k. Are such agreements sensible?
There are two primary concerns with executing a lock out agreement (occasionally known as a shut-out contract) is that it takes away the focus from moving forward with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it may turn out to be a cause of frustration and delay. It is not particularly popular amongst East Dean conveyancing solicitors for this reason. The other main concern is the extent of the remedies available - an aggrieved buyer should not expect to be issued with an injunctive ruling by a court to prohibit the seller completing the sale to another buyer, so the only remedy available under the contract will be the recovery of wasted charges and, in restricted scenarios, the extra payment of penalties.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in East Dean? or I am told that there is an ancient law that could mean that owners of property residing in a parish church boundary may be liable to contribute towards repairs to the chancel in proximity to the church. Is this suitable for conveyancing in East Dean?
Unless a previous acquisition of the premises took place after 12 October 2013 you can expect solicitors conducting conveyancing in East Dean to remain recommending a chancel search and or chancel repair liability policy.
Have purchased a a detached house in East Dean , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My East Dean conveyancing solicitor has been very slow, so I want to check the registration is concluded.
As far as conveyancing in East Dean registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry need to notify any interested parties. As of today roughly three quarters of such applications are completed within 12 days but some can be subject to extensive delays. Registration is effected once the buyer has moved in to the property so post completion formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor can speak with the land registry and explain the circumstances.
I am buying my first flat in East Dean with the aid of help to buy. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about this deal as it could affect my mortgage with the bank. Is this normal?.
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.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. East Dean is the location of the property. Can you offer any advice?
Flying freeholds in East Dean are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Dean you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Dean may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
A couple of weeks ago I was informed by my lender that their approved solicitors operate no sale no fee basis for conveyancing in East Dean. My purchase fell through nevertheless the solicitors have requested search fees! They say the fees are seperate!
in offering "no move no fee" East Dean conveyancing lawyers are waiving their charges for any work done. We should make it clear that this is NOT an insurance scheme. Disbursements aren’t covered – where the conveyancer have to pay money out to independent parties, for instance East Dean local search fees