My previous conveyancer has given a fee estimate £1200 for fixed fee conveyancing in Stamfordham. I am selling a purpose built property for £125,000. This seems too much. Is it above what I should be paying for conveyancing in Stamfordham?
The estimate does seem a tad steep. Where you are prepared to invest time scrutinising prices you might trim some of the expense by say £125. On the other hand, you mightlive to regret opting for an an untested solicitor. If is important to be sure that the solicitor can represent your lender. You can employ our comparison tool to select a Stamfordham conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Stamfordham.
The owners of the property we are hoping to buy have instructed a conveyancing firm in Stamfordham who has recommended a exclusivity contract with a payment two thousand pounds. Are such contracts generally advanced for Stamfordham conveyancing transactions?
This form of agreement is not the norm in Stamfordham, conveyancers will often encourage clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. In addition, there is no certainty that just because the proprietor has signed a lock out agreement they will complete the sale with you. They may be in contravention of the agreement if they are offered a big enough incentive to do so because an aggrieved purchaser with the benefit of a exclusivity agreement will still have to establish consequential losses from the breach and these may not equate the financial benefit that your seller may gain by breaking the contract, no matter how morally unworthy the behaviour is.
How does conveyancing in Stamfordham differ for newly converted properties?
Most buyers of new build or newly converted property in Stamfordham come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Stamfordham usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stamfordham or who has acted in the same development.
Am I best advised to choose a Stamfordham conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can conduct the legal work but they are based 200kilometers drive away.
The benefit of a high street Stamfordham conveyancing practice is that you can drop in to execute paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were happy that should trump using an unknown Stamfordham conveyancing lawyer solely due to them being Stamfordham based.
As a tenant I am on the hook for a maintenance contribution for my flat in Stamfordham. Due to redundancy and personal issues I fell into arrears with payments. I negotiated a clearance schedule but there remains three grand due in arrears.
I am under pressure to dispose of the property and I am worried this will threaten to derail the sale if I have to discharge the amount due first. I'd like to sell up and subsequently pay them back with the proceeds - is this practicable?
It would be wise to check with the conveyancer carrying out your Stamfordham conveyancing but it may be possible to agree for the outstanding amount to be transferred to the buyers. The purchase price due would be reduced to reflect the amount of debt they assume. They could then deal with the fees once they are the owners.