The vendors of the property we are hoping to buy are using a conveyancing solicitor in Gatley who has suggested a lock out agreement with a non-refundable deposit of 5k. Are such arrangements appropriate for Gatley conveyancing transactions?
Lock out contracts are agreements binding a home seller and prospective acquirer giving the buyer exclusive rights to purchase the property for a limited period of time. For all intents and purposes, an exclusivity agreement is a contract stating that you should have a contract at a later date being the contract for the actual sale. It tends to be utilised for buyer protection though in many situations, the owner may enjoy an upside from such agreements as well. There are numerous pros and cons to using them but you should to check with your conveyancer but note that it may end up costing you extra in conveyancing charges. In light of this these agreements are avoided in relation to conveyancing in Gatley.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Gatley?
There are two types of lawyers who can conduct conveyancing in Gatley namely licenced conveyancers or solicitors. The two can provide the legal services that required to complete the disposal or acquisition of property. Both are duty bound to carry out Gatley conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that the necessary steps will be correctly taken.
I have decided to exercise my right to buy my property in Gatley off the council. I have a mortgage offer with UBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
I had an offer accepted on an apartment in Gatley on 8/7/2025, valuation was booked 2 days later, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Nottingham and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Nottingham conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require expedited conveyancing in Gatley as I am faced with an ultimatum to exchange contracts in less than one month. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you have the choice not to have searches conducted although no solicitor would suggest that you don't. With plenty of history conveyancing in Gatley the following are examples of what can show up and adversely affect the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Gatley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Gatley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gatley you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gatley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am downsizing from my home. My former conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Gatley if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Gatley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My father has encouraged me to use his conveyancing solicitors in Gatley. Should I use them?
No doubt it’s preferable to choose a conveyancing lawyer is to have guidance from friends or relatives who have previously instructed the conveyancer that you are contemplating using.