The vendors of the home we are looking to purchase have instructed a conveyancing practitioner in Atherton who has recommended a exclusivity contract with a down payment two thousand pounds. Are such agreements sensible?
There are a couple of primary drawbacks with entering into any lock out contract (occasionally termed an exclusivity agreement) is that it takes away the focus from making progress with the conveyancing work, so in the absence of it needing limited or no negotiation then it may transpire to be a hindrance. It is not strongly advocated by Atherton conveyancing solicitors for this reason. A further issue is the extent of the remedies available - a jilted buyer is not likely to obtain an injunction to bar the seller disposing of the property to another buyer, so the only remedy available under the contract will be the reimbursement of wasted costs and, in rare scenarios, the additional payment of penalties.
When does exchange of contracts happen for residential conveyancing in Atherton and am I required to be at the solicitors office?
If you are near to one of the conveyancing solicitors in Atherton you are invited in to sign documents. However, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you electronically. The executing of the property agreement is not when everything is set in stone. A signed contract simply enables the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Atherton)to be in the office at the appropriate time.
I am helping my sister sell her flat in Atherton. Will the solicitor order an energy assessment or it is for me to see to?
After the demise of Home Packs, EPC’s was retained a compulsory component of selling a house. An EPC should be commissioned in advance of the property being advertised. It is not something that conveyancers ordinarily arrange. If you are using a Atherton conveyancing practitioner they may be willing to arrange energy performance certificates due to their relationships with reputable local energy assessors
Can you help - my lawyer says that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Atherton?
The appropriate level of absentee landlord indemnity insurance should be dictated by who your lender. It would differ for example between Nationwide Building Society and The Mortgage Works. Conveyancing practitioners as opposed to members of the public take out such insurances.
I have finally had an offer on a flat in Atherton agreed to, but there is a chain. The vendors have placed an offer on on an apartment, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have instructed a nearby conveyancing solicitor in Atherton. What do I do now? When should I get the mortgage application with Virgin Money going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Atherton conveyancing search fees, etc). First, you should check that your conveyancing practitioner is on the Virgin Money conveyancing panel. As to the next phase this very much depends on the uniqueness of your case, attraction to the property and on the state of the market. In a rising market some home buyers will apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they ask their solicitor to proceed with the conveyancing in Atherton.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a house in Atherton? or Apparently there is historic law that means some owners of property living in a parish church boundary may be liable to pay for maintenance towards the chancel within the church. Is this appropriate for conveyancing in Atherton?
Unless a prior acquisition of the house completed post 12 October 2013 you can assume that lawyers handling conveyancing in Atherton to remain encouraging a chancel search and or insurance against a claim.
I used Arc property Solicitors a few years ago for my conveyancing in Atherton. I now require my papers but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Atherton of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the encouragement of my in-laws I had a survey completed on a house in Atherton before instructing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to grant a loan on such a home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Atherton. Conveyancing may be slightly more expensive based on your lender's requirements.