The sellers of the property we are hoping to buy have appointed a conveyancing firm in Mickleover who has suggested a lock out contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
This kind of preliminary agreement is unusual in Mickleover, conveyancers are often inclined to direct clients away from them as they detract from the primary objective, 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 assurance that just because the seller has executed a lock out contract they will complete the sale with you. They may be in contravention of the contract if they are offered a big enough incentive to do so because a wronged party with the benefit of a lockoutcontract will still be obliged show losses as a consequence of the breach and these may not compare to the extra amount that your seller may gain by breaching the agreement, however morally reprehensible it undoubtedly is.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Mickleover so that I can pop in to their offices if required.
Nowadays approved lawyers for lenders conduct all of the communications via the post, internet or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in the country. Nevertheless you can check if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who did the conveyancing in Mickleover 4 years ago are no longer around. What do I do?
Nowadays there are duplicates made of almost everything, and your solicitor will know precisely where to locate all the relevant paperwork so you may purchase or sell your house without a hitch. Where copies can’t be found, your conveyancer may be able to put in place insurance or indemnities against future claims on the property.
I have been pointed in your direction by a few estate agents in Mickleover to locate a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your lawyers over a competitor’s?
We refuse to make any commission for directing people our way. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I intend to acquire our first property in Mickleover. Conveyancing lawyer has been chosen. The financial consultant advised that a survey is not necessary as the house is just 17 years old.
You would be best advised to take a Home Buyer's Report. Given the residence is more than ten years old the property will not come with a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may be enough. The report should highlight any obvious issues and recommend additional investigation if appropriate. Where there are any signs of problems get a full structural survey.