The owners have rather brash vendors who has insisted on a preliminary contract with a deposit 10k. Is it wise to enter into such agreements?
Exclusivity agreements are agreements between a property seller and prospective buyer giving the buyer the sole right to purchase the premises within a prescribed time frame. Essentially, a lock out is a document specifying that you will receive a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer confidence though in some cases, the seller may stand to benefit from such agreements as well. There are many positives and negatives to having an agreement but you need to check with your solicitor but note that it may end up costing you extra in conveyancing fees. For these reasons these contracts are rare when it comes to conveyancing in Hawes.
My bid for a property was accepted at auction in Hawes. Conveyancing is required. What happens now?
Given that you are now exchanged you must instruct a conveyancing practitioner as a matter of urgency as you now have a fast approaching deadline in which to complete the property. Every auction property will have a corresponding legal pack. This will include evidence of title and search results. In the case of leasehold premises the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should give this to the lawyer working for you at the earliest opportunity. Do make sure that that you have the requisite funding organised to complete on the on the contractual date .
I had a mortgage agreed in principle with Principality. Hawes conveyancing practitioners have been appointed. How long does it take for Principality to forward the offer to the solicitor?
Some lenders take longer than others. Have Principality done the survey? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Hawes conveyancing practitioner on the Barclays panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I require expedited conveyancing in Hawes as I am faced with pressure to exchange contracts within 3 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not taking a mortgage you are at liberty not to do searches although no law firm would suggest that you don't. With lots of history conveyancing in Hawes the following are examples of what can show up and adversely affect market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
As co-executor for the estate of my father I am selling a house in Monmouth but reside in Hawes. My solicitor (approximately 250 miles awayrequires that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Hawes to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Hawes based
Would local authority consent be needed to split a house into two appartments in Hawes? This has taken place to a house opposite to my home in Hawes and was ignorant of the conversion until the works were done.
Planning consent is needed for splitting a single dwelling in Hawes into flats but probably not for converting back to single dwelling-house so, simply put, yes,a it is required.