The sellers of the property we are hoping to buy have instructed a conveyancing firm in Oswestry who has suggested a lock out contract with a deposit 6,000. Is it wise to enter into such agreements?
Lock out contracts are agreements between a home owner and purchaser granting the buyer the sole right to purchase the premises within an agreed time frame. Essentially, a lock out agreement is a contract stating that you will receive a contract at a later time which is the contract for the actual sale. It tends to be utilised for buyer assurance though in many situations, the seller may stand to benefit from such agreements as well. There are many pros and cons to using them but you should to check with your solicitor but beware that it may result in costing you more in conveyancing charges. For this these contracts are not popular when it comes to conveyancing in Oswestry.
Our lender has suggested a law firm on their panel based in Oswestry but I would rather choose a conveyancing lawyer in Oswestry round the corner to me. Can you assist?
The minority of Oswestry conveyancing practitioners are on all banks conveyancing panel. Please make the most of our find an approved solicitor tool to choose a Oswestry conveyancing firm on the on the lender panel.
I have paid off my mortgage with UBS. I assume I don't need a Oswestry property lawyer on the UBS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
Planning on purchasing a house in Oswestry. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Oswestry solicitor is on the Bank of Ireland conveyancing panel.
My offer was accepted on a property in Oswestry on 24/10/2025, valuation was booked 2 days after, all came back fine. Property lawyer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Barclays and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Barclays conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Barclays to deal with your lawyer's application to be on the Barclays conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying a new build house in Oswestry with a mortgage from Barclays . The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not inform my solicitor about the side-deal as it will jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £245,000 and found one close by in Oswestry I like with a park and transport links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Oswestry for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the shortness of the lease may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I was pointed in your direction by numerous property agents in Oswestry to choose a conveyancer on your site. Is there a financial inducement for Estate Agents to recommend your lawyers over a competitor’s?
We don’t give any referral fee for directing people to this site. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.