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Recently asked questions about conveyancing in Hurstpierpoint

We have rather brash vendors who has insisted on a exclusivity agreement with a deposit two thousand pounds. Are such arrangements generally advanced for Hurstpierpoint conveyancing transactions?

Lock out contracts are agreements between a property vendor and purchaser giving the buyer exclusive rights to purchase the property within an agreed time frame. Essentially, an exclusivity agreement is a contract stating that you will receive a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer confidence though in many situations, the seller may stand to benefit from such agreements as well. There are numerous pros and cons to having an agreement but you should to check with your solicitor but beware that it may end up incurring more in conveyancing fees. For this these agreements are not popular in relation to conveyancing in Hurstpierpoint.

Do I need to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Hurstpierpoint so that I can pop in to their offices if required.

Nowadays approved lawyers for lenders conduct the vast majority of communications through Royal Mail, e-mail or over the phone. This enables them to undertake the conveyancing transaction no matter where you live in the country. That being said you can check if you can still book an appointment to visit conveyancing lawyer if you prefer.

Just had an offer accepted on a new build flat in Hurstpierpoint. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

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

    Please confirm the Lease plans are architect prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.

Due to the encouragement of my in-laws I had a survey completed on a house in Hurstpierpoint ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may refuse to issue a loan on a flying freehold home.

It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hurstpierpoint. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hurstpierpoint to see if the conveyancing costs will increase in light of this.

We're FTB’s - had an offer accepted, but the selling agent advised that the seller will only issue a contract if we appoint their recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street solicitor with experience of conveyancing in Hurstpierpoint

It is highly unlikely the vendors are behind this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you will continue to appoint your preferred Hurstpierpoint conveyancing lawyers - not the ones that will give the estate agent a referral fee or achieve conveyancing figures pre-set by senior management.

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Find out more about how flying freehold can affect your the value of a property.