The owners of the home we are looking to purchase have instructed a conveyancing solicitor in Old Ford who has recommended a exclusivity agreement with a non-refundable deposit 10k. Are such agreements sensible?
There are two main drawbacks with executing a lock out agreement (sometimes known as an exclusivity agreement) is that it diverts attention away from moving forward with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it may turn out to be a hindrance. It is not strongly advocated by Old Ford conveyancing practitioners as a result. The other main issue is the extent of the remedies available - an aggrieved purchaser is not likely to secure an injunction to prohibit the seller disposing of the property to an alternative purchaser, so the only remedy open via the agreement will be the reimbursement of abortive charges and, in rare situations, the additional payment of penalties.
I am planning to acquire a house and require a conveyancing solicitor in Old Ford who is on the Britannia approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as Old Ford. We dont recommend any particular firm.
The deeds to our house can not be found. The conveyancers who did the conveyancing in Old Ford 10 years ago are no longer around. What do I do?
You no longer need to hold title official documentation to evidence that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
I decided to have a survey done on a property in Old Ford prior to retaining solicitors. I have been informed that there is a flying freehold element to the house. The surveyor advised that some banks tend not give a loan on such a house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Old Ford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Old Ford to see if the conveyancing costs will increase in light of this.
What tools are available to identify a Old Ford solicitor on the Yorkshire Building Society conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please choose the bank and your location and you will see a number of Old Ford conveyancing lawyers locally. We have detailed some Old Ford conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Yorkshire Building Society approved list
My husband and I are first time buyers - had an offer accepted, but the agent advised that the owners will only issue a contract if we appoint their chosen lawyers as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Old Ford
We suspect that the owner is unaware of this demand. Should the vendor require ‘a quick sale', turning down a motivated purchaser is counter productive. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you wish to move quickly (e)but you will continue to use your preferred Old Ford conveyancing firm - not the ones that will provide the negotiator at the agency a referral fee or hit his conveyancing thresholds demanded by head office.