We have rather pushy vendors who has suggested a lock out contract with a payment 6,000. Are such agreements promoted for Sneyd Park conveyancing transactions?
This kind of contract isn't frequently used in Sneyd Park, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no assurance that just because the owner has executed an exclusivity agreement they will complete the sale with you. They may be in contravention of the contract if they are offered a big enough offer to do so because an aggrieved buyer with the benefit of a exclusivitycontract will still be obliged establish consequential losses from the breach and these may not equate the extra amount that your vendor may gain by breaching the contract, however morally condemnable the behaviour is.
I am thinking of refinancing my property in Sneyd Park, does my lawyer have to be on the Principality Solicitor panel?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My wife and I are buying a property in Sneyd Park. It might be a silly question but how we can trust a solicitor? On the day of competition we will need to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Are all Sneyd Park Conveyancing Quality Solicitors on the HSBC conveyancing panel?
It is true that some lenders now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
I recently had an offer agreed on an apartment in Sneyd Park. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an upfront payment of £175. A few days later, the solicitor contacted me sheepishly admitting that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My relative advised me that if I am purchasing in Sneyd Park I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Sneyd Park conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Sneyd Park around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Sneyd Park Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Sneyd Park Education with maps and statistics, Local Amenities and other useful information about Sneyd Park.
I have recentlydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Sneyd Park for a purchase of a leasehold flat 12 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Sneyd Park conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a house in Sneyd Park before retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will not issue a loan on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sneyd Park. Conveyancing may be slightly more expensive based on your lender's requirements.