The owners of the home we are purchasing are using a conveyancing solicitor in Hedon who has insisted on a preliminary agreement with a down payment 6,000. Are such arrangements generally advanced for Hedon conveyancing transactions?
There are a couple of primary concerns with executing a lock out agreement (also termed an exclusivity agreement) is that it can distract from progressing with the conveyancing work, so in the absence of it needing limited or no negotiation then it could transpire to be a cause of frustration and delay. It is not promoted amongst Hedon conveyancing solicitors for this reason. The other main negative is the extent of the remedies available - an aggrieved purchaser is very unlikely to obtain an injunction to stop the owner completing the sale to a third party, so the only remedy open via the agreement will be the recovery of wasted charges and, in rare situations, the additional payment of penalties.
Can I use your services to find a Conveyancing solicitor in Hedon even if I’m not buying or selling a house, for instance where I wish to buy an office in Hedon with a mortgage from Barclays Direct?
Our comparison service is primarily utilised to help choose residential conveyancing solicitors in Hedon but we have listed at the end of this page a few Hedon commercial conveyancing firms. You should enquire with the company directly to check if they can also act for Barclays Direct
We had instructed conveyancers based in Hedon on the Principality solicitor approved list. They have just invoiced me a further charge for handling the Principality mortgage. Is this an additional conveyancing fee set by Principality?
Provided it is contained in their Terms of Engagement or Quote then yes your solicitor is entitled to charge a fee for this. The fee is not dictated by Principality but by your Hedon conveyancing practitioner. Some firms on the Principality panel will levy ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
I am due to exchange contracts on my apartment. I had a double glazing fitted in July 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, UBS are being problematic. The Hedon solicitor who is on the UBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but UBS are insisting on a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Intending to buy a apartment in Hedon. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hedon lawyer is on the Clydesdale conveyancing panel.
I have been on the look out for a ground for flat up to £305k and identified one round the corner in Hedon I like with a park and railway links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Hedon for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My father-in-law has encouraged me to use his conveyancers in Hedon. Should I use them?
No doubt it’s preferable to select a conveyancing practitioner is to have guidance from friends or family who have actually previously instructed the solicitor that you are are thinking of instructing.
My estate agent has suggested using their lawyer for the conveyancing in Hedon - Is it not simpler advisable to just use them?
You need to establish if the selling agent is recommending a conveyancer or introducing to a property lawyer. There are plenty of Hedon estate agents who recommend two or three Hedon conveyancing firms and get nothing from it.