The sellers of the home we are purchasing have instructed a conveyancing solicitor in Hotwells who has insisted on a preliminary agreement with a deposit 6,000. Are such contracts promoted for Hotwells conveyancing transactions?
Lock out contracts are contracts between a home seller and prospective acquirer granting the buyer the sole right to the sale of the property for a limited period of time. Essentially, an exclusivity is a document stating that you should receive a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer assurance though in many situations, the seller may enjoy an upside from such agreements as well. There are numerous positives and negatives to using an agreement but you should to check with your lawyer but note that it may end up incurring extra in conveyancing charges. For these reasons these agreements are not popular when it comes to conveyancing in Hotwells.
Can your site be used to find a Conveyancing solicitor in Hotwells even if I’m not purchasing or selling a house, for example if I want to acquire a shop in Hotwells with a mortgage from Alliance & Leicester ?
Our search tool is mainly utilised to locate domestic conveyancing solicitors in Hotwells but we have listed at the end of this page some Hotwells commercial conveyancing firms. You will need to speak with the company directly to check if they are also authorised to represent Alliance & Leicester
My lawyer in Hotwells has never been on on the Barclays Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Barclays panel?
Your options are as follows:
- Carry on with your existing Hotwells lawyers but Barclays will need to use a solicitor on their panel. This will inevitably rack up the total conveyancing fees and cause delays.
- Get an alternative solicitor to act in the purchase, not forgetting to check they are Barclays approved.
- Try to convince your Barclays solicitor to attempt to join the Barclays panel
I used Action Conveyancing a few years past for my conveyancing in Hotwells. I now require my file however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hotwells of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the encouragement of my in-laws I had a survey completed on a house in Hotwells ahead of appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some lenders may not grant a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hotwells. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hotwells to see if the conveyancing costs will increase in light of this.
Should I be wary by brokers that I am dealing with are encouraging me to use a national conveyancing firm rather than a High Street Hotwells conveyancing company?
As with lots of service providers, often suggestions from family and friends can be extremely useful or valuable. But there are many players in a conveyancing deal; estate agents, mortgage brokers and banks may put forward lawyers to instruct. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there might be a financial incentive behind the recommendation. You are free to choose your preferred conveyancer. You need to be aware that most lenders have an approved list of solicitors you are obliged to use for the lender related work in your transaction.