The owners of the home we are hoping to buy have instructed a conveyancing firm in Caerwent who has suggested a exclusivity agreement with a deposit 10k. Are such agreements sensible?
There are a couple of main downsides with executing a lock out agreement (sometimes known as an exclusivity agreement) is that it takes away the focus from moving forward with the conveyancing process, so unless it requires minimal or no negotiation then it could transpire to be unhelpful. It is not promoted by Caerwent conveyancing solicitors for this reason. The other main concern is the extent of the remedies available - an aggrieved purchaser should not expect to be granted an injunction to stop the vendor selling to a third party, so the only remedy open via the agreement will be the recovery of wasted charges and, in restricted scenarios, the extra payment of penalties.
We see that you have a search directory identifying law firms on the Bank of Ireland conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Caerwent?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Caerwent.
I am about to put an offer on a leasehold apartment in Caerwent. The estate agents tell me that it is standard for flats in Caerwent to have less than 75 years left on the lease. I am taking out a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has 72 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/4/2025 the requirements read as follows :
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Caerwent is the location of the property. What do you suggest?
Flying freeholds in Caerwent are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Caerwent you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Caerwent may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Am I right to be suspicious that brokers that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a High Street Caerwent conveyancing firm?
As is the case with lots of service providers, often referrals from family and friends can be extremely useful or valuable. Yet there are numerous players in a conveyancing deal; estate agents, mortgage brokers and mortgage companies might all suggest solicitors to choose. On occasion these solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are free to appoint your preferred conveyancer. Don't forget that many mortgage providers specify a panel list of conveyancers you must use for the mortgage aspect of your house move.
I am a couple of weeks into a residential purchase having been recommend to conveyancers by the high street agent to carry out the conveyancing in Caerwent. I am am extremely frustrated with the level of service. Could you help me find new solicitors?
A lawyer would need to be really bad in order to consider changing them. Has your loan offer been sent? If so you will need to inform them of the new lawyer and ensure the loan are re-issued. The conveyancer needs to be on the mortgage company panel to avoid added charges and delays. That should be your starting point. The search tool can assist you in finding a lender approved conveyancer for your home move in Caerwent