The owners of the house we are purchasing have appointed a conveyancing practitioner in Barnt Green who has suggested a lock out agreement with a down payment 6,000. Are such agreements sensible?
This kind of arrangement isn't frequently used in Barnt Green, conveyancers are not keen on them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. In addition, there is no assurance that just because the seller has entered into an exclusivity agreement they will complete the sale with you. They may breach the contract if they receive a large enough financial inducement to do so because an aggrieved claimant with the benefit of a exclusivity agreement will still be obliged show losses as a consequence of the breach and these may not compare to the financial upside that your vendor may gain by breaching the contract, no matter how morally condemnable that may be.
Finally the sale completed on my house in Barnt Green last October but our buyer keeps calling daily complaining that their conveyancer needs to hear from mine. What should have happened following completion?
Following your sale your conveyancer is committed to send the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been repaid to the buyers solicitors. There is unlikely to be post completion formalities specific conveyancing in Barnt Green.
There are plenty of conveyancing solicitors in Barnt Green but how do I know who's good?
Do not opt for the cheapest Barnt Green conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Intending to buy a apartment in Barnt Green. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Barnt Green conveyancer is on the Principality conveyancing panel.
After what seems like an age I have had an offer on a maisonette in Barnt Green agreed to, the sellers do however have a tied purchase. The vendors have offered on a property, but it’s not been accepted yet, and are looking at other properties booked. I have chosen a bricks and mortar conveyancing solicitor in Barnt Green. What should be my next step? At what point should I apply for the mortgage with Kent Reliance?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then valuation, Barnt Green conveyancing search costs, etc). First, you should ensure that your property lawyer is on the Kent Reliance approved list. Regarding the subsequent steps this very much depends on the uniqueness of your transaction, motivation for this property and on the state of the market. In a hot market some purchasers will apply for the mortgage with Kent Reliance and pay for the valuation and only if it was satisfactory would they pay their lawyer to press on with searches.
I have justbeen informed that Wolstenholmes have closed. They conducted my conveyancing in Barnt Green for a purchase of a freehold house 18 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Barnt Green conveyancing specialists.
How does conveyancing in Barnt Green differ for newly converted properties?
Most buyers of new build or newly converted property in Barnt Green come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Barnt Green usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Barnt Green or who has acted in the same development.
I have been sourcing a conveyancing lawyer in Barnt Green for my house move. Is there any facility to see a firm’s complaints history with the profession’s regulator?
Members of the public can review documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.