The sellers of the house we are purchasing have appointed a conveyancing practitioner in Danbury who has insisted on a exclusivity contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
Lock out agreements are contracts binding a property seller and prospective buyer granting the buyer the sole right to the sale of the premises within a prescribed time frame. For all intents and purposes, an exclusivity is a document specifying that you should have a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer protection though in some cases, the vendor may enjoy an upside from such agreements as well. There are numerous pros and cons to using them but you need to check with your conveyancer but beware that it may result in incurring extra in conveyancing charges. In light of these reasons these contracts are avoided in relation to conveyancing in Danbury.
Will conveyancers ask for money on account when it comes to conveyancing in Danbury?
If you are buying a property in Danbury your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the purchase price then this will be needed immediately in advance of exchange of contracts. Any further balance that is needed should be sent to your lawyer a few days ahead of the completion date.
Due to the advice of my in-laws I had a survey completed on a house in Danbury ahead of retaining lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks will refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Danbury. Conveyancing will be smoother if you use a solicitor in Danbury especially if they regularly deal with such properties in Danbury.
I'm converting the mortgage on my current property to a BTL mortgage with National Westminster Bank and intend to use the remaining equity towards another property. The neighborhood we are interested in is Danbury. Will your lawyers be able to act for the two banks and link together the conveyances?
Do use our comparison tool on this page to be sure that the conveyancers are approved by both banks. Having checked that they are your conveyancer will be able to simultaneously deal with the two deals but you should talk with you conveyancer and make clear your desired outcome and requirements.
I have been sourcing a conveyancing practitioner in Danbury for my house move. Is it possible to check a solicitor's complaints history with the legal regulator?
Anyone can review presented Solicitor Regulator Association (SRA) decisions stemming from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.
What type of premises does your Danbury conveyancing quotes apply to?
The quotes provided are only applicable to standard residential premises in England & Wales. If you have any different needs for example industrial or agricultural property or commercial conveyancing in Danbury you should telephone us to discuss your requirements .