We have very brash vendors who has recommended a lock out agreement with a deposit of 5k. Is it wise to enter into such agreements?

Exclusivity contracts are contracts between a property seller and prospective acquirer granting the buyer a ‘clear field’ to the sale of the premises for a set period of time. For all intents and purposes, an exclusivity is a document stating that you should have a contract at a later date which is the main conveyancing contract. It is generally used for buyer assurance though in some cases, the vendor may stand to benefit from such agreements as well. There are numerous pros and cons to using an agreement but you should to check with your lawyer but beware that it may result in incurring extra in conveyancing fees. In light of these reasons these agreements are avoided when it comes to conveyancing in Abbey Wood.

How up to date is your database of Abbey Wood solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?

Abbey Wood conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.

How straightforward is it to use your search app to locate a conveyancing lawyer in Abbey Wood on the authorised to act for my mortgage?

1st select a bank such as Accord Mortgages Ltd, Bank of Scotland or Alliance & Leicester then type in your preferred area for example Abbey Wood. Conveyancing organisations in Abbey Wood and across England and Wales should be shown.

My step-father has recommend that I use his lawyers for conveyancing in Abbey Wood. Do I take his recommendation?

There are no two ways about it the best way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have actually previously instructed the firm that you are contemplating using.

What are your top tips when it comes to finding a Abbey Wood conveyancing practice to carry out our lease extension conveyancing?

When appointing a solicitor for your lease extension (regardless if they are a Abbey Wood conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Abbey Wood conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:

If they are not ALEP accredited then what is the reason?

Having spent months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Abbey Wood. Can we issue an application to the Residential Property Tribunal Service?

Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the sum to be paid.

An example of a Lease Extension matter before the tribunal for a Abbey Wood premises is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case was in relation to 13 flats. The unexpired term was 76 years.