The vendors of the property we are hoping to buy hired a conveyancing solicitor in Hounslow who has recommended a exclusivity agreement with a payment 10k. Are such agreements generally advanced for Hounslow conveyancing transactions?
This form of arrangement isn't frequently used in Hounslow, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the seller has executed a lock out agreement they will complete the sale with you. They may be inclined to break the agreement if they are offered sufficient financial inducement to do so because a wronged party with the benefit of a lockout agreement will still be obliged show losses as a consequence of the breach and these may not equalise the financial upside that the owner may obtain by breaching the agreement, however morally unworthy it undoubtedly is.
My brother-in-law has suggested I instruct a conveyancing solicitor in Hounslow. I need to find out if they are accepted on the National Westminster Bank approved list of lawyers. Can you assist?
You should phone your lawyer and enquire if they are on the lender panel. Alternatively please get in touch with National Westminster Bank who may be able to assist.
I'm the single recipient of my late grandmother’s will with all property in now in my sole name, including the house in Hounslow. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the CML six month 'rule', meaning my property ownership could be considered the same way as though I had purchased the property in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How sensible a view mortgage companies take of it, depend on the bank as this obligation is primarily there to pick up on subsales or the quick reselling of property.
Can I be sure that the Hounslow conveyancing solicitor on the Nationwide panel is any good?
When it comes to conveyancing in Hounslow seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer handling your conveyancing.
The mortgage over my property is with Nottingham for my property in Hounslow. Conveyancing was finalised some time ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
Your original mortgage agreement with Nottingham will provide that you need their approval prior to renting your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. You need not do this via a Nottingham conveyancing panel firm.
I am intent on selling our house in Hounslow and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Hounslow conveyancer would know that there is no such problem. It does beg the question why the buyers are using an online conveyancing practice as opposed to a conveyancing solicitor in Hounslow. Having lived in Hounslow for many years we know that this is a non issue. Is it a good idea to contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor 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 sickness)
I have justbeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Hounslow for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hounslow conveyancing specialists.