The owners of the property we are looking to purchase hired a conveyancing practitioner in Winton who has suggested a exclusivity contract with a down payment two thousand pounds. Are such agreements sensible?
This form of arrangement is not the norm in Winton, conveyancers are often inclined to direct clients away from them as they detract from the primary focus, namely conveyancing and if you end up losing your deposit then the lawyer is left exposed. Furthermore, there is no certainty that just because the owner has signed an exclusivity contract they will sell to you. They may be inclined to break the contract if they receive a big enough incentive to do so because a wronged claimant with the benefit of a lockout agreement will still be duty bound to show losses as a consequence of the breach and this may not amount to the financial benefit that the owner may gain by breaking the contract, however morally reprehensible it undoubtedly is.
My wife and I have recently appointed a conveyancing solicitor in Winton. I I would like to check whether they are accepted on the The Royal Bank of Scotland approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should e-mail your lawyer and enquire if they can act for the lender. Alternatively you can get in touch with The Royal Bank of Scotland who may be able to help.
Are there restrictive covenants that are commonly identified as part of conveyancing in Winton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Winton. 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…’
Due to the guidance of my in-laws I had a survey completed on a property in Winton prior to retaining solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders tend not grant a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Winton. Conveyancing will be smoother if you use a solicitor in Winton especially if they are familiar with such properties in Winton.
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At this site get a conveyancing quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Winton. As opposed to estate agents and many comparison sites we do not have referral deals with solicitors. Many agents and online brokers 'recommend' solicitors paying the highest per referral, as opposed to the best value conveyancing in Winton