The owners have very pushy vendors who has insisted on a lock out contract with a down payment two thousand pounds. Is it wise to enter into such agreements?

Lock out agreements are agreements between a property owner and prospective acquirer giving the buyer a ‘clear field’ to the sale of the premises within an agreed time frame. For all intents and purposes, a lock out is a document specifying that you will receive a contract at a later time being the main conveyancing contract. It is generally used for buyer confidence though in many situations, the vendor may enjoy an upside from such agreements as well. There are numerous pros and cons to using an agreement but you need to check with your solicitor but note that it may result in costing you extra in conveyancing fees. In light of these reasons these agreements are not popular in relation to conveyancing in Haslington.

Can your site be used to find a Conveyancing solicitor in Haslington even if I’m not purchasing or selling a house, for instance where I want to acquire a shop in Haslington with a loan from Lloyds TSB Bank?

The service is predominantly utilised to find domestic conveyancing solicitors in Haslington but we have recorded at the end of this page some Haslington commercial conveyancing firms. You will need to speak with the company directly to see if they can also act for Lloyds TSB Bank

My partner and I are downsizing from our home in Haslington and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Haslington conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a national conveyancing firm rather than a conveyancing solicitor in Haslington. We have lived in Haslington for 4 years we know of no issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.

It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)

Just had an offer accepted on a new build flat in Haslington. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Haslington

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants.

My step-son is embarking on her first house purchase, he had his mortgage in principle. After the offer was accepted on apartment we telephoned the bank to move forward with his. We were very surprised to learn that mortgage lenders do not accept all property lawyer, they have to be on a list, is this legal?

Lenders tend to imposes restrictions either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Haslington lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.