The vendors of the home we are hoping to buy are using a conveyancing firm in Sparkhill who has recommended a lock out agreement with a deposit 10k. Are such agreements sensible?
There are a couple of primary drawbacks with executing a lock out contract (also termed a no-shop agreement) is that it can distract from progressing with the conveyancing transaction itself, so unless it requires limited or no negotiation then it could turn out to be a cause of frustration and delay. It is not particularly popular amongst Sparkhill conveyancing lawyers as a result. A supplemental concern is the extent of the remedies available - an aggrieved purchaser is very unlikely to be issued with an injunctive ruling by a court to prohibit the seller completing the sale to another buyer, so the only remedy open via the contract will be the reimbursement of wasted charges and, in restricted situations, the extra payment of damages.
Can I use your services to find a Conveyancing solicitor in Sparkhill even where I’m not buying or disposing of a house, for instance if I want to acquire an office in Sparkhill with a mortgage from Virgin Money?
The service is mainly utilised to help choose residential conveyancing solicitors in Sparkhill but we have listed towards the bottom of this page some Sparkhill commercial conveyancing firms. You should enquire with the company directly to see if they can also act for Virgin Money
I am selling my flat in Sparkhill. Does my property lawyer have to be on the Nottingham conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Nottingham conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I require fast conveyancing in Sparkhill as I am under pressure to sign on the dotted line within 3 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a home loan you are at free not to do searches although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Sparkhill the following are examples of issues that can crop up and therefore impact market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
Can a conveyancer remove someone from the title of my property in Sparkhill ?
Extracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner