The sellers of the property we are purchasing have instructed a conveyancing firm in South London who has insisted on a lock out agreement with a non-refundable deposit of 5k. Are such agreements promoted for South London conveyancing transactions?
Exclusivity agreements are agreements binding a home seller and purchaser granting the buyer a ‘clear field’ to the sale of the property for a certain period of time. Essentially, a lock out is a document stating that you will be issued with a contract at a later time being the main conveyancing contract. It tends to be used for buyer assurance though in many situations, the seller may enjoy an upside from such agreements as well. There are many pros and cons to using them but you need to check with your conveyancer but beware that it may result in incurring more in conveyancing fees. For this these contracts are avoided when it comes to conveyancing in South London.
We are looking to buy a house and require a conveyancing solicitor in South London who is on the Aldermore conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in South London.
I am considering applying for a Skipton mortgage for purchase of a newly converted (under development) in South London with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
What will a local search reveal regarding the house my wife and I buying in South London?
South London conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for example PSG The local search is essential in every South London conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. South London is the location of the property. What do you suggest?
Flying freeholds in South London are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South London you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South London may ascertain 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.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in South London and how can your lawyers assist?
The 1954 Act provides a safeguard to business tenants, granting the dueness to apply to court for a renewal lease and continue in occupation at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in South London