The owners of the property we are purchasing have appointed a conveyancing firm in Norbiton who has recommended a preliminary contract with a down payment 6,000. Is it wise to enter into such agreements?
Lock out contracts are contracts binding a home owner and purchaser granting the buyer a ‘clear field’ to the sale of the property for a set period of time. For all intents and purposes, an exclusivity agreement is a contract stating that you should have a contract at a later time being the main conveyancing contract. It is generally used for buyer assurance though in many situations, the seller may stand to benefit from such agreements as well. There are many positives and negatives to using them but you need to check with your lawyer but note that it may result in incurring extra in conveyancing charges. For these reasons these agreements are avoided in relation to conveyancing in Norbiton.
Are the Norbiton conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?
Norbiton conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
I am buying my first flat in Norbiton with a mortgage from Aldermore. The builders would not budge the price so I negotiated £7000 of extras instead. The sale representative told me not inform my lawyer about the side-deal as it would affect my loan with Aldermore. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a quick, no chain conveyancing. Norbiton is the location of the property. Is there any guidance you can give?
Flying freeholds in Norbiton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Norbiton you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Norbiton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How easy is it to switch firm as I have to retain a firm on the Godiva Mortgages Ltd conveyancing panel. I had appointed a local conveyancing solicitor in Norbiton five minutes from me but she is not approved by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Norbiton on the Godiva Mortgages Ltd panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Norbiton. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Norbiton.
I am using a search engine for the term conveyancing in Norbiton it shows results of numerous conveyancerslocally. How do I determine which is the suitable property lawyer for the sale of my house?
The preferential method of seeking the right conveyancer is via trusted referral, so seek the guidance of friends and relatives who have acquired a property in Norbiton or a local estate agent or financial adviser. Costs for conveyancing in Norbiton vary, so it's a good idea to request a minimum of three costs illustrations from different law firms. Be sure to obtain confirmation that the fees are fixed.