The owners of the home we are looking to purchase have appointed a conveyancing firm in New Milton who has recommended a exclusivity agreement with a payment 6,000. Are such agreements sensible?
Exclusivity contracts are contracts binding a home owner and prospective acquirer granting the buyer a ‘clear field’ to purchase the premises for a set period of time. Essentially, a lock out is a document specifying that you should have a contract at a later date being the main conveyancing contract. It tends to be utilised for buyer assurance though in many situations, the vendor may enjoy an upside from such agreements as well. There are various pros and cons to having them but you should to check with your lawyer but beware that it may end up incurring extra in conveyancing fees. In light of this these agreements are unusual in relation to conveyancing in New Milton.
Is there a list of Barclays panel solicitors in New Milton on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings visible online. Where you are in need of a New Milton property lawyer on the Barclays please make the most of our facility.
I recently had an offer agreed on a house in New Milton. My financial adviser pressured me to appoint their lawyer. I paid an on account payment of £175. A few days later, the conveyancing practitioner called me to say that they were not on the TSB 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 TSB 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.
Planning on purchasing a apartment in New Milton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the New Milton solicitor is on the Barclays conveyancing panel.
Despite weeks of looking the Title Certificate and documents to my property are lost. The solicitors who did the conveyancing in New Milton 10 years ago no longer exist. What are my options?
You no longer need to hold title original deeds to prove you are the registered proprietor of land or property, as the Land Registry hold details of all registered land or property electronically.
I decided to have a survey done on a house in New Milton ahead of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not issue a loan on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in New Milton. Conveyancing will be smoother if you use a solicitor in New Milton especially if they are accustomed to such properties in New Milton.
What does commercial conveyancing in New Milton cover?
Commercial conveyancing in New Milton incorporates a broad array of advice, provided by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.