We have very brash vendors who has insisted on a exclusivity contract with a non-refundable deposit 10k. Are such agreements the norm for East Yorkshire conveyancing transactions?
There are two primary downsides with entering into any lock out agreement (also referred to as an exclusivity agreement) is that it diverts attention away from progressing with the conveyancing work, so unless it requires minimal or no negotiation then it could turn out to be a cause of frustration and delay. It is not promoted amongst East Yorkshire conveyancing solicitors for this reason. The other main concern is the extent of the remedies available - an aggrieved purchaser should not expect to win injunctive relief to prevent the vendor selling to another buyer, so the only remedy open via the contract will be the recovery of wasted costs and, in rare circumstances, the additional payment of penalties.
We see that you have a post code search directory identifying firms on the TSB conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in East Yorkshire?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in East Yorkshire.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in East Yorkshire. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/4/2025, the requirements read as follows :
When it comes to mortgage companies such as Skipton, do East Yorkshire lawyers incur a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
We had chosen conveyancing lawyers located in East Yorkshire on the HSBC solicitor approved list. They are now charging me a separate charge for the legal aspects of the HSBC mortgage. Is this an additional conveyancing fee specified by HSBC?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to levy a fee for this. This charge is not dictated by HSBC but by your East Yorkshire lawyer. Numerous firms on the HSBC panel will charge an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
My husband and I have arranged a further advance on our mortgage from Leeds Building Society as we intend to conduct improvements to our house in East Yorkshire. Are we obliged to choose a local East Yorkshire solicitor on the Leeds Building Society conveyancing panel to handle the legals?
Leeds Building Society would not normally instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
Are there restrictive covenants that are commonly picked up during conveyancing in East Yorkshire?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in East Yorkshire. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the encouragement of my in-laws I had a survey completed on a property in East Yorkshire prior to instructing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you contact us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in East Yorkshire. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in East Yorkshire to see if the conveyancing will be more expensive.