We have very brash vendors who has suggested a lock out agreement with a payment two thousand pounds. Are such agreements sensible?
This kind of arrangement is unusual in Glastonbury, conveyancers are often inclined to direct clients away from them as they detract from the primary focus, namely conveyancing and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. In addition, there is no certainty that just because the owner has entered into an exclusivity contract they will complete the sale with you. They may be tempted to break the contract if they receive a big enough incentive to do so because a wronged buyer with the benefit of a exclusivitycontract will still be duty bound to show losses as a consequence of the breach and these may not amount to the financial benefit that your vendor may gain by breaking the contract, no matter how morally reprehensible that may be.
We note that you have a post code search directory listing law firms on the UBS conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Glastonbury?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Glastonbury.
My wife and I are close to exchanging contracts on the sale of our property in Glastonbury and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Glastonbury conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Glastonbury. Having lived in Glastonbury for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek clarification need.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Glastonbury differ for newly converted properties?
Most buyers of new build property in Glastonbury come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Glastonbury usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Glastonbury or who has acted in the same development.
Hoping to buy a property located in Glastonbury and I am already nervous. I couldn't find anything specific about Glastonbury. Conveyancing will be needed in due course but do you know about the Glastonbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Glastonbury. In the meantime here are some basic statistics that we found