The sellers of the house we are hoping to buy are using a conveyancing firm in Bournville who has suggested a exclusivity contract with a deposit 10k. Are such agreements sensible?
Lock out agreements are contracts binding a home owner and prospective buyer granting the buyer exclusive rights to the sale of the premises within a prescribed time frame. For all intents and purposes, a lock out agreement is a contract specifying that you should have a contract at a later time being the contract for the actual sale. It is generally utilised for buyer confidence though in many situations, the vendor may stand to benefit from such agreements as well. There are many pros and cons to using them but you should to check with your conveyancer but note that it may result in incurring more in conveyancing fees. In light of these reasons these agreements are not popular when it comes to conveyancing in Bournville.
How up to date is your database of Bournville solicitors on the Co-operative conveyancing panel? Do Co-operative send you an updated list?
Bournville conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bournville?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bournville. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm remortgaging my existing property to a BTL loan with TSB and intend to use the remaining equity as a deposit on another property. The neighborhood we are interested in is Bournville. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are on the relevant lender panels. On the basis that they are the solicitor will be able to simultaneously deal with the two deals but you should talk with you lawyer and make apparent your expectations and requirements.
I see that you have a search directory identifying law firms on the lender conveyancing panel. Do Bournville conveyancing companies pay you a referral fee if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Bournville.