The owners of the property we are purchasing hired a conveyancing practitioner in Fakenham who has insisted on a preliminary contract with a down payment two thousand pounds. Are such agreements appropriate for Fakenham conveyancing transactions?
Exclusivity agreements are contracts between a home owner and prospective buyer giving the buyer the sole right to purchase the premises within an agreed time frame. For all intents and purposes, a lock out agreement is a contract stating that you should have a contract at a later time which is the contract for the actual sale. It is generally used for buyer protection though in many situations, the owner may stand to benefit from such agreements as well. There are many pros and cons to using them but you need to check with your solicitor but beware that it may end up incurring extra in conveyancing fees. For this these contracts are not popular in relation to conveyancing in Fakenham.
I am purchasing a victorian detached house in Fakenham. We would like to carry out an extension to the side at the property.Will legal investigations on the property involve enquiries to see if these alterations were previously refused?
Your conveyancer should check the registered title as conveyancing in Fakenham can occasionally identify restrictions in the title deeds which prohibit categories of changes or need the consent of another owner. Many works call for local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these things with a surveyor ahead of any purchase.
We have agreed to purchase a house in Fakenham. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
Given that you are obtaining a mortgage with Barclays your lawyer must comply with the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Barclays. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and lawyers are required to report to Barclays where a lease fails to satisfy these specifications. The specifications relate to the installation of panels on properties nationwide and is not restricted to Fakenham.
I was told two weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Fakenham is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Fakenham is the location of the property. What do you suggest?
Flying freeholds in Fakenham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fakenham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fakenham may decide 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 does the Landlord & Tenant Act 1954 impact my commercial offices in Fakenham and how can your lawyers assist?
The particular law that you refer to gives security of tenure to commercial leaseholders, giving them the dueness to apply to court for a renewal lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Fakenham
As co-executor for the will of my father I am disposing of a house in Swansea but live in Fakenham. My solicitor (who is 200 miles from merequires that I sign a statutory declaration prior to completion. Can you recommend a conveyancing solicitor in Fakenham who can witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Fakenham based