The owners have very pushy vendors who has suggested a preliminary agreement with a payment 6,000. Is it wise to enter into such agreements?
There are a couple of main drawbacks with signing a lock out contract (occasionally known as a no-shop agreement) is that it takes away the focus from making progress with the conveyancing work, so unless it requires little or no negotiation then it could transpire to be a cause of frustration and delay. It is not particularly popular amongst Didcot conveyancing solicitors for this reason. A further concern is the extent of the remedies available - an aggrieved purchaser is not likely to be issued with an injunction to prevent the owner completing the sale to a third party, so the only remedy open via the contract will be the recovery of abortive charges and, in limited scenarios, the extra payment of damages.
It is 10 years ago since I purchased my home in Didcot. Conveyancing solicitors have recently been retained on the sale but I can't find the deeds. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be kept by your lender or they could be archived with the solicitor who handled your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. Most conveyancing in Didcot involves registered property but in the rare situation where your home is not registered it is more tricky but is not insurmountable.
We wanted to use a conveyancing solicitor in Didcot for our home move. Our financial adviser informed us that our mortgage company The Royal Bank of Scotland won't deal with them. Why is this not regarded as unduly restrictive?
A bank will insist on a panel solicitor act for it. You would be liable to bear the charges for this. Try using our search facility to find a solicitor to carry conveyancing in Didcot on the The Royal Bank of Scotland member panel.
Please help - my lawyer advises that lack of planning permission insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Didcot?
The right level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
We have a mortgage agreed in principle with Nottingham. Didcot conveyancing practitioners have been selected. What is the average time that one could expect to receive a mortgage offer from Nottingham?
Some lenders take longer than others. Have Nottingham conducted the valuation? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I was told two weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Didcot is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Didcot?
Many commercial conveyancing solicitors in Didcot will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Didcot. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Didcot.
For every commercial conveyancing transaction in Didcot it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Didcot commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Didcot.
I have been on the look out for a ground for flat up to £305k and found one close by in Didcot I like with a park and transport links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Didcot in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.