We have rather assertive vendors who has suggested a preliminary contract with a non-refundable deposit of 5k. Is it wise to enter into such agreements?
This form of arrangement is not the norm in Hedge End, conveyancers are not keen on them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no certainty that just because the proprietor has executed a lock out agreement they will sell to you. They may be in contravention of the agreement if they are offered sufficient offer to do so because a wronged purchaser with the benefit of a exclusivitycontract will still be legally obliged to show losses as a consequence of the breach and these may not amount to the financial benefit that the owner may gain by reneging on the agreement, however morally shameful that may be.
Can I use your services to locate a Conveyancing solicitor in Hedge End even if I’m not buying or disposing of a house, for example where I want to buy a shop in Hedge End with a mortgage from Barclays ?
Our search tool is predominantly used to find residential conveyancing solicitors in Hedge End but we have listed towards the end of this page a few Hedge End commercial conveyancing firms. You will need to enquire with the solicitors directly to see if they are also authorised to represent Barclays
I am selling my home in Hedge End. Does my solicitor need to be on the Leeds Building Society conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Me and my partner are buying a property in Hedge End. It might be a silly question but how we can trust a lawyer? At some point we have to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We have agreed to purchase a house in Hedge End. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Skipton be concerned?
As you are obtaining a mortgage with Skipton your lawyer must check the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Skipton. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Skipton where a lease fails to meet these conditions. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Hedge End.
I currently have a mortgage with UBS for my property in Hedge End. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
Your original mortgage agreement with UBS will provide that you need their approval prior to renting your property as this is likely to be a breach of UBS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. You need not do this via a UBS conveyancing panel lawyer.
Will commercial conveyancing searches reveal proposed roadworks that could impact a commercial premises in Hedge End?
Its becoming the norm that commercial conveyancing solicitors in Hedge End will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Hedge End. The report provides definitive data 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 Hedge End.
For every commercial conveyancing transaction in Hedge End it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Hedge End commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Hedge End.
What does commercial conveyancing in Hedge End cover?
Hedge End conveyancing for business premises covers a broad range of advice, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.