The owners have rather assertive vendors who has recommended a preliminary agreement with a deposit 6,000. Are such agreements sensible?

Exclusivity agreements are agreements binding a property owner and purchaser granting the buyer the sole right to purchase the property within a prescribed time frame. For all intents and purposes, a lock out is a document specifying that you will be issued with a contract at a later time which is the contract for the actual sale. It is generally utilised for buyer assurance though in many situations, the seller may stand to benefit from such agreements as well. There are numerous positives and negatives to using an agreement but you should to check with your conveyancer but note that it may end up costing you extra in conveyancing charges. In light of these reasons these agreements are avoided when it comes to conveyancing in Thorpe Hesley.

I'm refinancing my current home to a buy to let loan with Bank of Ireland and intend to use the remaining equity as a down payment on further property. The neighborhood we are interested in is Thorpe Hesley. Will your lawyers be able to act for both sets of lenders and tie in the transactions?

Make use of our search tool on this site to be sure that the conveyancers are approved by both banks. Having checked that they are the solicitor will be able to simultaneously deal with the two conveyancing matters but you should talk with you conveyancer and make apparent your expectations and requirements.

We're FTB’s - had an offer accepted, yet the selling agent has warned us that the vendor will only go ahead if we use the agent's preferred lawyers as they are insisting on an ‘expedited deal’. We would rather use a local solicitor with experience of conveyancing in Thorpe Hesley

It is improbable the owners are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your own,trusted Thorpe Hesley conveyancing lawyers - not the ones that will provide their negotiator at the agency a referral fee or meet his conveyancing figures set by senior management.

I today plan to offer on a house that seems to meet my requirements, at a great figure which is making it more attractive. I have just discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Thorpe Hesley. Conveyancing advisers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Thorpe Hesley ?

The majority of houses in Thorpe Hesley are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in Thorpe Hesley so you should seriously consider looking for a Thorpe Hesley conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will appraise you on the various issues.

I invested in buying a ground floor flat in Thorpe Hesley, conveyancing having been completed September 2011. How much will my lease extension cost? Corresponding properties in Thorpe Hesley with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease terminates on 21st October 2091

With 67 years unexpired we estimate the price of your lease extension to be between £10,500 and £12,000 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.

We have instructed a Thorpe Hesley conveyancing solicitor for our house purchase (first time buyers) and have noticed in the engagement letter that they are not covered by the Financial Conduct Authority. Am I right to be worried or is that the norm with conveyancing practitioner?

We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the SRA, who set stringent rules covering monies held in their bank.