The owners have rather assertive vendors who has insisted on a preliminary agreement with a deposit of 5k. Is it wise to enter into such agreements?

There are a couple of main drawbacks with executing a lock out agreement (sometimes known as a no-shop agreement) is that it takes away the focus from making progress with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it may turn out to be a hindrance. It is not promoted amongst Cockfosters conveyancing solicitors as a result. The other main negative is the extent of the remedies available - an aggrieved buyer is not likely to be issued with an injunctive ruling by a court to stop the vendor completing the sale to an alternative purchaser, so the only remedy available under the contract will be the recovery of abortive charges and, in rare circumstances, the additional payment of damages.

We're in Cockfosters, FTBs buying with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

Will commercial conveyancing searches reveal planned roadworks that could impact a commercial property in Cockfosters?

Its becoming the norm that commercial conveyancing solicitors in Cockfosters will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Cockfosters. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cockfosters.

For every commercial conveyancing transaction in Cockfosters it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Cockfosters commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Cockfosters.

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Cockfosters is where the house is located. Can you offer any guidance?

Flying freeholds in Cockfosters are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cockfosters you would need to get your solicitor to go 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 Cockfosters 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 property.

I am looking to sell my house. My previous lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Cockfosters if that makes a difference.

Please use our search tool to help you choose a solicitor for your conveyancing in Cockfosters. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.