The sellers of the home we are looking to purchase have instructed a conveyancing practitioner in Lamorbey who has recommended a lock out agreement with a payment 6,000. Are such agreements sensible?

Exclusivity agreements are contracts between a property vendor and prospective buyer granting the buyer exclusive rights to the sale of the premises within a prescribed time frame. Essentially, an exclusivity is a document stating that you will be issued with a contract at a later date being the contract for the actual sale. It is generally utilised for buyer confidence though in some cases, the proprietor may stand to benefit from such agreements as well. There are various positives and negatives to having an agreement but you should to check with your solicitor but beware that it may result in incurring more in conveyancing fees. For this these agreements are unusual in relation to conveyancing in Lamorbey.

My bank has suggested solicitors on their panel based in Lamorbey but I would rather instruct a conveyancing lawyer in Lamorbey local to me. Can you help?

It is by no means the case that all Lamorbey conveyancing practitioners are listed all banks conveyancing panel. Use our search tool to find a Lamorbey conveyancing firm on the on the mortgage company panel.

Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial premises in Lamorbey?

Many commercial conveyancing solicitors in Lamorbey will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Lamorbey. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lamorbey.

For each commercial conveyancing transaction in Lamorbey it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Lamorbey commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Lamorbey.

Are there restrictive covenants that are commonly identified during conveyancing in Lamorbey?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Lamorbey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Lamorbey is where the house is located. Is there any advice you can impart?

Flying freeholds in Lamorbey are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lamorbey you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lamorbey may decide 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 residence.