The vendors of the property we are hoping to buy have instructed a conveyancing solicitor in Belford who has insisted on a exclusivity agreement with a payment two thousand pounds. Are such agreements sensible?
This form of agreement is unusual in Belford, conveyancers will often direct clients away from them as they divert attention from the primary focus, namely conveyancing 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. Furthermore, there is no certainty that just because the proprietor has executed a lock out contract they will sell to you. They may be tempted to break the agreement if they receive sufficient financial inducement to do so because an aggrieved purchaser with the benefit of a exclusivity agreement will still have to show losses as a consequence of the breach and these may not equalise the financial upside that your vendor may gain by breaching the agreement, no matter how morally shameful that may be.
I am considering mortgaging my property in Belford, does my lawyer need to be on the Lloyds Conveyancing panel?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Just had an offer accepted on a new build flat in Belford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Belford
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am selling my home. My past conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Belford if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Belford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I need to find a conveyancing solicitor for freehold conveyancing in Belford. I happened to chance upon a web site which seems to have the perfect offering If it is possible to get all the legals done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?