My fiance’s mother is a conveyancing practitioner. I anticipate that I'll be able to get mate’s fee for conveyancing, However if that does not come through, what kind of fees would I typically be looking at for conveyancing in Tower Hill?
It’s wise to get two or three conveyancing quotes. Make use of our comparison tool on this page. You will notice that fees may vary but the service one can expect differ between law firms as is the case with the vast majority of professional services.
We have rather assertive vendors who has suggested a lock out contract with a deposit 10k. Are such agreements sensible?
Lock out contracts are agreements binding a home owner and purchaser granting the buyer the sole right to purchase the premises within an agreed time frame. Essentially, a lock out agreement is a contract stating that you should receive a contract at a later date which is the main conveyancing contract. It is generally used for buyer assurance though in many situations, the owner may stand to benefit from such agreements as well. There are various positives and negatives to having them but you should to check with your solicitor but beware that it may end up costing you more in conveyancing charges. For this these agreements are unusual when it comes to conveyancing in Tower Hill.
Are there restrictive covenants that are commonly identified during conveyancing in Tower Hill?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Tower Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Tower Hill is the location of the property. Can you shed any light on this issue?
Flying freeholds in Tower Hill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tower Hill you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tower Hill 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.
I'm converting the mortgage on my primary home to a BTL loan with Aldermore and I will use the ballance of the raised equity as a down payment on further house. The location we are interested in is Tower Hill. Will your solicitors be able to act for the two lenders and link together the transactions?
Do use our comparison tool on this site to be sure that the solicitors are on the relevant lender panels. Having checked that they are the solicitor will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make apparent your expectations and requirements.