The owners of the property we are hoping to buy are using a conveyancing practitioner in Blaydon On Tyne who has suggested a preliminary contract with a down payment 6,000. Is it wise to enter into such agreements?
There are a couple of main downsides with executing a lock out contract (also referred to as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing work, so unless it requires limited or no negotiation then it could turn out to be unhelpful. It is not particularly popular by Blaydon On Tyne conveyancing solicitors for this reason. The other main issue is the extent of the remedies available - a jilted buyer is not likely to be granted an injunctive ruling by a court to bar the owner completing the sale to a third party, so the only remedy open via the agreement will be the reimbursement of abortive costs and, in limited situations, the extra payment of penalties.
About to place a bid on a leasehold property in Blaydon On Tyne. The property agents tell me that it is standard for flats in Blaydon On Tyne to have less than 75 years left on the lease. I am obtaining a loan with Platform. Will the property be mortgageable given that the lease has 69 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/11/2024 the requirements read as follows :
I decided to have a survey completed on a property in Blaydon On Tyne before instructing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will refuse to issue a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Blaydon On Tyne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Blaydon On Tyne to see if the conveyancing will be more expensive.
I am selling my home. My previous solicitors has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Blaydon On Tyne if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Blaydon On Tyne. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
What is the best way to find the right lawyer for my conveyancing in Blaydon On Tyne ?
Option 1 is to ask the people you trust who they would recommend. Second, search the internet for conveyancing in Blaydon On Tyne. Phone two or three from the list and request that they email you their conveyancing charges and discuss your needs with the solicitor who will handle your conveyancing before you commit. Option 3 is to use this site to help you find the right lawyers taking into account your unique requirements including location,speed, complexity and who the proposed lender is.Avoid the trap of appointing lowest cost conveyancing solicitors in Blaydon On Tyne