My partner and I are looking to acquire a house in Littleover and are in fact using a Littleover conveyancing practice. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Halifax have this afternoon contacted us to inform me that there is now an issue as our Littleover solicitor is not on their approved list of lawyers. What do we do from here?
If you are buying a property requiring a mortgage it is standard for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Littleover solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
We have very brash sellers who has suggested a exclusivity contract with a payment of 5k. Are such agreements sensible?
Exclusivity contracts are contracts between a home owner and prospective acquirer granting the buyer a ‘clear field’ to purchase the premises within an agreed time frame. Essentially, a lock out agreement is a contract stating that you will receive a contract at a later time being the contract for the actual sale. It is generally used for buyer confidence though in some cases, the vendor may enjoy an upside from such agreements as well. There are numerous pros and cons to using an agreement but you need to check with your conveyancer but beware that it may result in incurring more in conveyancing charges. In light of this these agreements are avoided in relation to conveyancing in Littleover.
My wife and I have recently appointed a conveyancing solicitor in Littleover. I I am struggling to find out if they are accepted on the Barnsley Building Society conveyancing panel. Can you help?
You should contact the lawyer and ask them if they are on the lender panel. Otherwise please get in touch with Barnsley Building Society who may be able to help.
Given that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Littleover I would like to talk to a solicitor concerning thehouse move before giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your property ownership legalities in Littleover.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The practices that we put you in touch with believe that the figure you are provided with for residential conveyancing in Littleover should be the amount on the final invoice that you are charged.
In my capacity as executor for the estate of my grandfather I am selling a residence in Newport but I am based in Littleover. My solicitor (based 300 miles awayneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Littleover who can witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Littleover based
I am in need of some leasehold conveyancing in Littleover. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Littleover - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Littleover - A selection of Queries Prior to buying
Are any of leasehold owners in arrears of their service charge payments? Generally speaking the cost for major works tend not to be built into the service charges, albeit that a few managing agents in Littleover obliged leasehold owners to contribute towards a sinking fund created for the specific intention of establishing a fund for major repairs or maintenance. Who are the managing agents?