We have very assertive vendors who has suggested a lock out agreement with a down payment 6,000. Are such agreements appropriate for Cheshire conveyancing transactions?
Exclusivity agreements are contracts binding a property vendor and prospective buyer granting the buyer the sole right to the sale of the property for a certain period of time. Essentially, an exclusivity agreement is a contract stating that you should have a contract at a later time being the main conveyancing contract. It is generally utilised for buyer assurance though in many situations, the owner may stand to benefit from such agreements as well. There are various positives and negatives to having an agreement but you need to check with your conveyancer but beware that it may result in costing you more in conveyancing charges. In light of these reasons these agreements are not popular when it comes to conveyancing in Cheshire.
Can your site be used to find a Conveyancing solicitor in Cheshire even where I’m not purchasing or selling a house, for example where I intend to acquire a shop in Cheshire with a mortgage from Aldermore?
Our comparison service is primarily there to help choose domestic conveyancing solicitors in Cheshire but we have recorded towards the bottom of this page some Cheshire commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they are also authorised to represent Aldermore
My house in Cheshire is up for sale and I have a buyer. Does the property lawyer need to be required to be on the Lloyds conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Cheshire I like with amenity areas and transport links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Cheshire suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Am I best advised to choose a Cheshire conveyancing solicitor based in the vicinity that I am buying? We have a good friend who can handle the conveyancing but her office is 400miles drive away.
The benefit of a local Cheshire conveyancing practice is that you can visit the firm to sign documents, present your identification documents and pester them if necessary. Having local Cheshire know how is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and they were content that should outweigh using an unfamiliar Cheshire conveyancing solicitor solely due to them being round the corner.