The owners of the property we are hoping to buy have appointed a conveyancing practitioner in Aberporth who has insisted on a lock out contract with a deposit of 5k. Is it wise to enter into such agreements?
Exclusivity agreements are agreements binding a property vendor and prospective buyer giving the buyer the sole right to purchase the premises within a prescribed time frame. For all intents and purposes, an exclusivity agreement is a contract stating that you will be issued with a contract at a later date being the contract for the actual sale. It is generally utilised for buyer assurance though in some cases, the seller may stand to benefit from such agreements as well. There are numerous pros and cons to having them but you should to check with your lawyer but beware that it may result in costing you more in conveyancing fees. For these reasons these agreements are not popular in relation to conveyancing in Aberporth.
My Solicitor in Aberporth has never been on on the TSB Conveyancing Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are excluded from the TSB approved list?
The limited options open to you here include:
- Carry on with your existing Aberporth lawyers but TSB will need to use a conveyancer on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees as well as cause delays.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are Persuade your conveyancer to use their best endeavours to join the TSB conveyancing panel
I have justbecome aware that Wolstenholmes have closed. They carried out my conveyancing in Aberporth for a purchase of a leasehold apartment 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can make 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 Aberporth conveyancing specialists.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a quick, chain free conveyancing. Aberporth is the location of the property. What do you suggest?
Flying freeholds in Aberporth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Aberporth you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aberporth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am using a search engine for the term conveyancing in Aberporth it brings up numerous conveyancersin the vicinity. With so much choice what is the best way to find the suitable solicitor for the sale of my house?
The best method of choosing the right conveyancer is via personal recommendation, so enquire of friends and family who have bought a property in Aberporth or the local estate agent or financial adviser. Costs for conveyancing in Aberporth differ, so it's sensible to secure at least three costs illustrations from varying types of companies. Be sure to seek confirmation that the fees are fixed.