The sellers of the property we are hoping to buy hired a conveyancing solicitor in Chatham who has insisted on a exclusivity agreement with a non-refundable deposit 10k. Is it wise to enter into such agreements?
This kind of preliminary agreement is not the norm in Chatham, conveyancers are often found to direct clients away from them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no assurance that just because the proprietor has entered into a lock out agreement they will complete the sale with you. They may breach the contract if they are offered a big enough incentive to do so because an aggrieved purchaser with the benefit of a exclusivity agreement will still have to show losses as a consequence of the breach and these may not equalise the financial upside that your vendor may gain by reneging on the contract, no matter how morally unworthy it undoubtedly is.
When does exchange of contracts happen for purchase conveyancing in Chatham and do I need to be at the lawyers branch?
If you are round the corner to one of the conveyancing solicitors in Chatham you are invited in to sign documents. That being said, the firms we recommend provide a national conveyancing service and give as equally comprehensive and professional a job for you when communicating with you digitally. The executing of the sale agreement is not the point of no return. A signed contract is just a prerequisite for the firm to officially exchange at the appropriate time, which is ordinarily shortly after signing. The exchange process 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 Chatham)to be in the office available at the end of the phone to exchange contracts.
I have justfound out that Wolstenholmes have closed. They conducted my conveyancing in Chatham for a purchase of a freehold house 10 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest method to see if the property is in your name, you can make 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 Chatham conveyancing specialists.
I opted to have a survey completed on a property in Chatham ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders will refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chatham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chatham to see if the conveyancing will be more expensive.
Is it possible to swap conveyancer as I need to find one who is on the Birmingham Midshires conveyancing panel. I instructed a high street conveyancing solicitor in Chatham round the corner but the firm is not accepted by Birmingham Midshires
We will our best to assist in finding you a conveyancing solicitor in Chatham on the Birmingham Midshires panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Chatham. In making use of search facility on this website, you can contrast fees for conveyancing solicitors in Chatham and beyond.
My step-son is embarking on her first house purchase, he had his mortgage in principle. One the offer was accepted on apartment we called the building society to move forward with his. We were very surprised to hear that mortgage companies do not accept all solicitor, they need to be on their approved list, is this legal?
Banks ordinarily imposes restrictions either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Chatham conveyancer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.