We have very brash sellers who has insisted on a preliminary contract with a deposit 6,000. Is it wise to enter into such agreements?
There are two primary downsides with signing a lock out agreement (occasionally termed a no-shop agreement) is that it takes away the focus from progressing with the conveyancing transaction itself, so in the absence of it needing little or no negotiation then it could turn out to be a cause of frustration and delay. It is not particularly popular amongst Aston conveyancing practitioners for this reason. The other main issue is the extent of the remedies available - a jilted buyer is not likely to be granted injunctive relief to bar the vendor selling to a third party, so the only remedy open via the agreement will be the recovery of wasted costs and, in limited circumstances, the additional payment of damages.
I am the registered owner of a freehold residence in Aston but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Aston and has limited impact for conveyancing in Aston but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Please explain the implications if my solicitor is expelled from the UBS Conveyancing panel ahead of completing my conveyancing in Aston?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Due to the guidance of my in-laws I had a survey completed on a property in Aston in advance of appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks tend not issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Aston. Conveyancing will be smoother if you use a solicitor in Aston especially if they are accustomed to such properties in Aston.
What makes your site different to alternative web based conveyancing solicitors when it comes to conveyancing in Aston?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Aston. Unlike many estate agents and brokerage sites we do not have commission deals with solicitors. Some agents and online brokers 'recommend' solicitors that pays the most kickback, not the best value conveyancing in Aston
I note that you have a search directory identifying solicitors on the lender conveyancing panel. Do Aston conveyancing companies pay you a referral fee if I appoint them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Aston.