We have very pushy sellers who has suggested a lock out agreement with a deposit 10k. Is it wise to enter into such agreements?
Exclusivity agreements are agreements binding a home owner and prospective acquirer granting the buyer exclusive rights to purchase the premises within a prescribed time frame. Essentially, a lock out is a document specifying that you should have a contract at a later date being the contract for the actual sale. It is generally used for buyer confidence though in many situations, the owner may stand to benefit from such agreements as well. There are numerous pros and cons to having them but you should to check with your conveyancer but note that it may result in incurring more in conveyancing charges. For this these contracts are avoided in relation to conveyancing in Charlton.
My wife and I are purchasing a apartment in Charlton. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to put money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Does a directory service exist listing Yorkshire BS panel conveyancers in Charlton on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings open the public over the internet. If you are in need of a Charlton conveyancing practitioner on the Yorkshire BS please use our facility.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Charlton building society branch on various occasions and was informed it wasn't an issue and they will lend. My Charlton conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Charlton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Charlton. 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…’
Taking into account that I am about to part with over three hundred thousand on a property in Charlton I would like to have a conversation with the conveyancer about mytransaction before appointing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be carrying out your property ownership legalities in Charlton.There is no ‘factory style conveyancing’ - each client is an important individual, not a file number. The practices that we put you in touch with believe that the figure you are provided with for residential conveyancing in Charlton should be the amount on the final invoice that you are charged.
As co-executor for the will of my grandfather I am selling a property in Swansea but I am based in Charlton. My solicitor (who is 200 miles from merequires that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Charlton to attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Charlton