The owners of the house we are purchasing have instructed a conveyancing solicitor in Hindley who has suggested a lock out contract with a down payment of 5k. Are such contracts recommended for Hindley conveyancing transactions?
This kind of preliminary agreement is not the norm in Hindley, conveyancers will often direct clients away from them as they divert attention from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. In addition, there is no certainty that just because the vendor has executed an exclusivity agreement they will complete the sale with you. They may breach the agreement if they are offered a big enough incentive to do so because an aggrieved claimant with the benefit of a lockout agreement will still be duty bound to show losses as a consequence of the breach and these may not compare to the extra amount that your vendor may obtain by breaking the agreement, no matter how morally reprehensible that may be.
We are buying a property and the conveyancer has referenced Chancel Repair for which the property may be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this really warranted for conveyancing in Hindley
Unless a prior purchase of the premises took place post 12 October 2013 you can take it that solicitors conducting conveyancing in Hindley to continue to suggest a chancel search and or chancel repair liability policy.
I used Arc property Solicitors several years past for my conveyancing in Hindley. I now require my papers however the law firm is no longer operating. What do I do?
Do contact 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 Hindley of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Hindley differ for new build properties?
Most buyers of new build premises in Hindley approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Hindley tend to purchase the site, 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 conveyancing solicitors 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 Hindley or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Hindley is where the house is located. What do you suggest?
Flying freeholds in Hindley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hindley you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hindley may determine 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.