The owners of the home we are looking to purchase have instructed a conveyancing firm in Duxford who has recommended a preliminary contract with a payment of 5k. Are such agreements sensible?
There are two main downsides with signing a lock out agreement (also referred to as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing process, so in the absence of it needing limited or no negotiation then it may turn out to be unhelpful. It is not strongly advocated amongst Duxford conveyancing solicitors for this reason. A further issue is the extent of the remedies available - an aggrieved purchaser is extremely unlikely to secure injunctive relief to bar the seller selling to a third party, so the only remedy available under the agreement will be the recovery of wasted charges and, in limited scenarios, the additional payment of damages.
Can your site be used to find a Conveyancing solicitor in Duxford even if I’m not buying or disposing of a house, for example where I wish to buy a shop in Duxford with a loan from Barclays Direct?
Our comparison service is primarily there to find residential conveyancing solicitors in Duxford but we have set out towards the end of this page a few Duxford commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they are also authorised to represent Barclays Direct
Have just purchased a repossessed house at auction in Duxford. Conveyancing is needed. What is next?
Having for in every practical sense signed on the dotted line you now have to appoint a conveyancing solicitor quickly as you will have a pending a fixed date to complete the purchase. All auction property will have an associated legal set of papers. This will likely include evidence of title and search results. If you have purchased leasehold premises the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You need to pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding organised to complete on the date specified in the contract.
My wife and I buying a terrace house in Duxford. We would like to carry out a loft conversion at the house.Will legal work on the property include investigations to ascertain if these works are prohibited?
Your property lawyer will review the deeds as conveyancing in Duxford will occasionally reveal restrictions in the title documents which restrict certain works or necessitated the consent of another owner. Certain works require local authority planning permissions and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
I am being told by my solicitor that flying freehold insurance is necessary on my purchase. What is the level of cover for Duxford conveyancing?
The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and Norwich and Peterborough Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
I have a semi-detached Victorian house in Duxford. Conveyancing practitioner acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Duxford and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the purchase.
Due to the encouragement of my in-laws I had a survey completed on a house in Duxford ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks may refuse to grant a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Duxford. Conveyancing will be smoother if you use a solicitor in Duxford especially if they are familiar with such properties in Duxford.
What is different about your site and alternative online quote calculators for conveyancing in Duxford?
At this site obtain a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Duxford. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your home move in Duxford