Me and my wife are buying a flat in Gowerton. My property lawyer has never been on on the bank approved list. Is it possible for me to continue with my Gowerton conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
Your options include
- Proceed with your existing Gowerton property lawyer but your bank will no doubt retain a solicitor on their conveyancing panel. The net result is additional cost and potential interruption.
- Choose a fresh conveyancing practitioner to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your conveyancing practitioner to attempt to join the mortgage company panel
The owners have rather brash vendors who has insisted on a exclusivity agreement with a down payment two thousand pounds. Is it wise to enter into such agreements?
There are two main downsides with entering into any lock out contract (sometimes termed a shut-out contract) is that it takes away the focus from moving forward with the conveyancing work, so unless it requires minimal or no negotiation then it could turn out to be unhelpful. It is not particularly popular amongst Gowerton conveyancing lawyers for this reason. The other main concern is the extent of the remedies available - an aggrieved purchaser should not expect to win an injunction to prevent the seller completing the sale to a third party, so the only remedy available under the contract will be the reimbursement of wasted charges and, in restricted circumstances, the additional payment of damages.
I used Action Conveyancing a few years ago for my conveyancing in Gowerton. I now require my papers however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Gowerton of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey carried out on a property in Gowerton in advance of appointing lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks tend refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you contact us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gowerton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gowerton to see if the conveyancing costs will increase in light of this.
We're new to the buying process - agreed a price, yet the agent informed us that the owners will only go ahead if we use the agent's preferred conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Gowerton
It is improbable the vendors are driving this. If they desire ‘a quick sale', alienating a genuine buyer is counter productive. Speak to the owners direct and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to appoint your preferred Gowerton conveyancing solicitors - not the ones that will provide the negotiator at the agency a introducer fee or achieve conveyancing figures pre-set by head office.