The owners of the home we are purchasing are using a conveyancing practitioner in Hounslow who has insisted on a preliminary agreement with a deposit 10k. Are such agreements sensible?
This form of arrangement isn't common in Hounslow, conveyancers will often direct clients away from them as they detract from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the lawyer is left exposed. In addition, there is no certainty that just because the vendor has executed a lock out agreement they will complete the sale with you. They may be in contravention of the contract if they are offered a large enough incentive to do so because an aggrieved buyer with the benefit of a exclusivity agreement will still be obliged show losses as a consequence of the breach and this may not compare to the financial upside that your vendor may gain by breaking the contract, no matter how morally reprehensible the behaviour is.
Due to the input of my in-laws I had a survey completed on a property in Hounslow ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some lenders tend refuse to grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hounslow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hounslow to see if the conveyancing costs will increase in light of this.
Are there any apps to assist me to identify a Hounslow law firm on the Virgin Money conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please pick a lender and your location and you will see a number of Hounslow conveyancing lawyers based on proximity. We have listed some Hounslow conveyancing firms at the bottom of this page and you can contact them to see if they are on the Virgin Money member panel
Should I go with a Hounslow conveyancing lawyer in close proximity to the house I am buying? An old friend can conduct the conveyancing but her office is a couple of hundredmiles drive away.
The primary upside of using a local Hounslow conveyancing practice is that you can attend the office to sign documents, hand in your ID and apply pressure on them if necessary. They will also have local insight which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that should trump using an unfamiliar Hounslow conveyancing solicitor solely due to them being based in the area.
How and when do I incur stamp duty due for my Hounslow house purchase?
Most solicitors tend to fill out a Land Transaction Return Form on your behalf as part of your Hounslow purchase transaction for you to sign. On completion your lawyer will submit your STL application to the Tax Authorities and - as long as they have the money - pay any land tax due on your behalf.