We have very assertive sellers who has insisted on a exclusivity agreement with a non-refundable deposit 10k. Is it wise to enter into such agreements?
Lock out agreements are agreements between a home seller and prospective acquirer giving the buyer exclusive rights to purchase the premises for a set period of time. For all intents and purposes, a lock out is a document specifying that you should be issued with a contract at a later time which is the main conveyancing contract. It tends to be utilised for buyer protection though in many situations, the owner may enjoy an upside from such agreements as well. There are many pros and cons to having them but you should to check with your conveyancer but note that it may result in incurring extra in conveyancing charges. For this these agreements are unusual when it comes to conveyancing in Lewisham.
Can your site be used to recommend a Conveyancing solicitor in Lewisham even if I’m not buying or selling a house, for example if I want to acquire an office in Lewisham with a mortgage from Accord Mortgages Ltd?
Our search tool is predominantly utilised to locate residential conveyancing solicitors in Lewisham but we have set out towards the bottom of this page a few Lewisham commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they are also authorised to represent Accord Mortgages Ltd
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Lewisham. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
Given you plan to refinance then Skipton will insist on your using a conveyancer on the Skipton 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 Skipton 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 Skipton mortgage is registered as a charge at the Land Registry.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a property in Lewisham?
Unless a prior purchase of the premises took place post 12 October 2013 you could assume that lawyers carrying out conveyancing in Lewisham to continue to recommend a chancel search and or chancel repair liability policy.
I am buying a new build house in Lewisham with a mortgage from Santander. The developers refused to reduce the amount so I negotiated 6k of additionals instead. The sale representative advised me not reveal to my conveyancer about this deal as it would adversely affect my mortgage with Santander. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
What type of premises does your Lewisham conveyancing estimates apply to?
The quotes issued are only applicable to standard domestic homes in England & Wales. Where you have any different needs such as industrial or agricultural property or commercial conveyancing in Lewisham do contact us to consider this further .
