The owners of the home we are looking to purchase are using a conveyancing firm in Lytchett Matravers who has recommended a exclusivity agreement with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?
This form of arrangement is not the norm in Lytchett Matravers, conveyancers will often try and steer clients away from them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer is left exposed. Secondly, there is no certainty that just because the vendor has entered into a lock out agreement they will complete the sale with you. They may be inclined to break the agreement if they receive a large enough financial inducement to do so because a wronged claimant with the benefit of a lockout agreement will still be obliged show losses as a consequence of the breach and these may not equalise the financial upside that your vendor may secure by breaking the contract, however morally condemnable the behaviour is.
My aunt passed away last year and as sole heir and executor I was left the house in Lytchett Matravers. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Given you intend to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland 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 Bank of Ireland 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 Bank of Ireland mortgage is registered as a charge at the Land Registry.
I need some expedited conveyancing in Lytchett Matravers as I am under a deadline to sign on the dotted line in less than 3 weeks. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not obtaining a home loan you are at free not to have searches carried out although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Lytchett Matravers the following are instances of issues that can show up and therefore impact future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
Is it simple use your search app to select a conveyancing practitioner in Lytchett Matravers on the approved list for my bank?
Step one is to choose a bank such as Birmingham Midshires, Chelsea Building Society or Alliance & Leicester then specify your location a common one being Lytchett Matravers. Conveyancing practices in Lytchett Matravers and beyond will then be listed.
I am thinking of appointing a conveyancing solicitor in Lytchett Matravers for my house move. Is there any facility to check a solicitor's record with the profession’s regulator?
You may find documented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA could recorded call for training requirements.
We are midway through buying a residence in Lytchett Matravers. Conveyancing lawyer has called to say the title is "Leasehold". Should this impact the salability of the house?
Lytchett Matravers conveyancing does not ordinarily involve leasehold houses. The key consideration here is the unexpired lease term and the ground rent. If it's 999 years with a nominal rent, it's almost the same as freehold, so it shouldn't impact the marketability too much.
On the flip side, if it's, say, 50 years it is bound to have a material effect on the saleability, and most likely wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be stated in the lease to be supplied to your property lawyer.