The owners have very brash vendors who has insisted on a lock out agreement with a non-refundable deposit of 5k. Are such agreements promoted for Broughton Astley conveyancing transactions?
This type of contract is unusual in Broughton Astley, conveyancers will often sway clients away from them as they detract from focusing on the primary objective, namely conveyancing and if you end up having your deposit forfeited then the solicitor is left exposed. Furthermore, there is no certainty that just because the seller has entered into a lock out contract they will sell to you. They may breach the agreement if they are offered a big enough financial inducement to do so because an aggrieved claimant with the benefit of a lockout agreement will still be obliged establish consequential losses from the breach and these may not compare to the financial benefit that your seller may gain by breaking the contract, no matter how morally condemnable it undoubtedly is.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Broughton Astley. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 4/1/2026, the requirements read as follows :
I require expedited conveyancing in Broughton Astley as I am under pressure to exchange contracts within one month. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are not taking a mortgage you have the choice not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Broughton Astley the following are examples of what can show up and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I used Arc property Solicitors several years past for my conveyancing in Broughton Astley. 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 Broughton Astley of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Can you offer any advice when it comes to finding a Broughton Astley conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Broughton Astley conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Broughton Astley conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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What are the charges for lease extension conveyancing? If the firm is not ALEP accredited then why not?
I am the registered owner of a basement flat in Broughton Astley, conveyancing was carried out June 2008. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Broughton Astley with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ends on 21st October 2101
With 75 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
Some months ago I was told by my bank that their panel solicitors work on no move no charge basis for conveyancing in Broughton Astley. Our purchase did not proceed and now the conveyancers want search fees! They are claiming that the fees are independent!
By promising "no move no fee" Broughton Astley conveyancing firms are foregoing their fees for any work carried out. We must stress this is NOT an insurance scheme. you will still required to cover any charges that your lawyer has outlayed for you for instance Broughton Astley local authority checks