We have rather pushy sellers who has insisted on a lock out agreement with a non-refundable deposit 10k. Are such arrangements promoted for Caerphilly conveyancing transactions?
There are two primary concerns with signing a lock out contract (sometimes termed an exclusivity agreement) is that it diverts attention away from making progress with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it may transpire to be a cause of frustration and delay. It is not particularly popular amongst Caerphilly conveyancing practitioners for this reason. The other main concern is the extent of the remedies available - an aggrieved purchaser is not likely to be granted an injunctive ruling by a court to prevent the seller selling to a third party, so the only remedy open via the contract will be the recovery of abortive charges and, in rare scenarios, the extra payment of damages.
Do all mortgage companies provide you with an approved list of Caerphilly conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?
Caerphilly conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel solicitor as I would prefer to instruct a Caerphilly based conveyancing firm?
Do check but the chances are that appoint one of their panel conveyancers if you take up the "fee-free" incentive. Speak to the mortgage company to explore if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Caerphilly.
Various web forums that I have frequented warn that are the number one reason for hinderance in Caerphilly conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Caerphilly.
My company is looking to take over a lease of an office on the high street. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in Caerphilly for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Caerphilly, including the sale and acquisition of businesses as well as simply property. If you are looking to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the fees this will depend on the structure and heads of terms of the deal. Let us have your contact information or call us so that we can provide you with a detailed commercial conveyancing calculation.