The owners have rather pushy vendors who has recommended a lock out agreement with a non-refundable deposit 10k. Are such arrangements appropriate for Eaton Bray conveyancing transactions?
There are a couple of primary concerns with executing a lock out contract (occasionally known as an exclusivity agreement) is that it diverts attention away from making progress with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it may turn out to be a cause of frustration and delay. It is not strongly advocated amongst Eaton Bray conveyancing practitioners for this reason. The other main issue is the extent of the remedies available - an aggrieved purchaser is not likely to be issued with an injunction to bar the seller selling to an alternative purchaser, so the only remedy available under the agreement will be the recovery of wasted costs and, in limited situations, the additional payment of damages.
Can I use your services to locate a Conveyancing solicitor in Eaton Bray even if I’m not buying or disposing of a house, for instance where I wish to buy a shop in Eaton Bray with a loan from TSB?
The service is mainly there to help choose residential conveyancing solicitors in Eaton Bray but we have listed at the bottom of this page some Eaton Bray commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for TSB
Have just purchased a repossessed house at auction in Eaton Bray. Conveyancing is required. What is next?
Given that you are now for in every practical sense signed on the dotted line you will need to hire the services of a conveyancing lawyer soon as you will have a fast approaching a fixed date to complete the deal. Every auction property will have a corresponding auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You should give this to the lawyer instructed by you ASAP. Do make sure that that you have the requisite funding in order to complete on the on the contractual date .
This question may be naive but I am new to the home buying as a 1st time buyer of a ground floor flat in Eaton Bray. Do I receive the keys to the house on completion from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Eaton Bray?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the owner’s solicitors, and once they have received this, you will be able to collect the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
We had instructed solicitors based in Eaton Bray on the Leeds Building Society solicitor panel. They are now charging me a separate fee for the legal aspects of the Leeds Building Society mortgage. Is this an additional conveyancing fee specified by Leeds Building Society?
Provided it is contained in their Terms of Engagement or Quote then yes your solicitor is entitled to levy a fee for this. This fee is not dictated by Leeds Building Society but by your Eaton Bray lawyer. Plenty of firms on the Leeds Building Society panel will levy an ‘acting for lender’ fee and others do not.
I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Eaton Bray for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Eaton Bray conveyancing specialists.
We are in the middle of buying a property in Eaton Bray. Conveyancing solicitor has phoned to say the title is "Leasehold". Does this make a difference on our home loan valuation?
Eaton Bray conveyancing does not ordinarily involve leasehold houses. The main factor here is the unexpired lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's almost the same as freehold, so it shouldn't impact the marketability too much.
At the other end of the spectrum, if it's, say, Sixty years it is bound to have a material impact on the saleability, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease provided to your conveyancing practitioner.