Me and my fiance are purchasing a 1 bedroom flat in Hampstead with a mortgage. We like our Hampstead lawyer, however the mortgage company says she’s not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or keep our Hampstead conveyancer and pay for one of their panel firms to represent them. We feel that this is unjust; are we not able to insist that the mortgage company use our Hampstead solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders 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. A further alternative is for your Hampstead conveyancing solicitor to apply to be on the conveyancing panel.
We have very brash sellers who has suggested a exclusivity contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
There are a couple of primary concerns with executing a lock out contract (sometimes referred to as a shut-out contract) is that it diverts attention away from making progress with the conveyancing transaction itself, so in the absence of it needing little or no negotiation then it could transpire to be unhelpful. It is not promoted amongst Hampstead conveyancing solicitors as a result. The other main issue is the extent of the remedies available - a jilted purchaser should not expect to secure an injunction to stop the owner selling to another buyer, so the only remedy available under the agreement will be the recovery of abortive costs and, in limited scenarios, the additional payment of damages.
We are planning to purchase with Coventry BS. We have called around locally but am struggling to find a Hampstead conveyancing firm on the Coventry BS approved list. Could you assist?
You should make use of the find a lender approved solicitor tool on this web page. Pick the building society and type Hampstead or your location and you will see numerous conveyancers offices in Hampstead or near you.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial property in Hampstead?
Its becoming the norm that commercial conveyancing solicitors in Hampstead will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Hampstead. The search result 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 Hampstead.
For every commercial conveyancing transaction in Hampstead it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Hampstead commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Hampstead.
The deeds to our house can not be found. The solicitors who dealt with the conveyancing in Hampstead 4 years ago are no longer around. What are my options?
Nowadays there are copies made of almost everything, and your solicitor will know precisely where to find all the relevant documentation so you may buy or dispose of your property without any difficulty. If copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
Just had an offer accepted on a new build flat in Hampstead. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hampstead
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.