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Recently asked questions about conveyancing in Lymm

The sellers of the property we are looking to purchase have instructed a conveyancing firm in Lymm who has recommended a preliminary contract with a down payment 10k. Is it wise to enter into such agreements?

There are a couple of primary drawbacks with entering into any lock out contract (also referred to as a shut-out contract) is that it takes away the focus from progressing with the conveyancing process, so in the absence of it needing minimal or no negotiation then it could turn out to be a hindrance. It is not strongly advocated amongst Lymm conveyancing solicitors for this reason. The other main issue is the extent of the remedies available - an aggrieved purchaser is not likely to obtain injunctive relief to stop the vendor selling to a third party, so the only remedy available under the contract will be the reimbursement of wasted costs and, in limited situations, the extra payment of penalties.

Why do I have to pay up front for my conveyancing in Lymm?

Where you are retaining lawyers for conveyancing in Lymm your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the sale price then this should be asked for immediately in advance of exchange of contracts. The final balance that is due should be sent to your lawyer shortly before completion.

I am refinancing my home in Lymm, does my lawyer need to be on the Clydesdale Conveyancing panel?

In theory, you could use a solicitor that is not on the Clydesdale conveyancing panel, but Clydesdale would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.

A friend advised me that if I am buying in Lymm I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is occasionally quoted for as part of the standard Lymm conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Lymm around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Lymm Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Lymm Education with plans and statistics, Local Amenities and other useful data regarding Lymm.

The estate agent has sent us the confirmation of our purchase of a new build flat in Lymm. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Lymm

    Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan.

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