The vendors of the home we are looking to purchase are using a conveyancing practitioner in Stokesley who has insisted on a exclusivity contract with a deposit 10k. Is it wise to enter into such agreements?
This kind of arrangement is not the norm in Stokesley, conveyancers are often found to direct clients away from them as they detract from focusing on the primary focus, namely conveyancing and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the vendor has entered into an exclusivity agreement they will sell to you. They may be motivated to break the contract if they are offered a large enough incentive to do so because an aggrieved party with the benefit of a exclusivity agreement will still have to show losses as a consequence of the breach and this may not equate the extra amount that the owner may gain by reneging on the contract, however morally reprehensible it undoubtedly is.
My bid for a property was accepted at auction in Stokesley. Conveyancing is needed. What is next?
Now that you are exchanged you now have to retain a conveyancing solicitor quickly as you are facing a pending a fixed date to complete the transaction. An auction property should have a corresponding legal set of papers. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You must give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds in order to complete on the date specified in the contract.
Does a directory service exist listing UBS panel conveyancers in Stokesley on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings available over the internet. Where you are looking for a Stokesley property lawyer on the UBS please use our facility.
I have paid off my mortgage with Coventry BS. I assume I don't need a Stokesley lawyer on the Coventry BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS 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 Coventry BS mortgage from the register. Coventry BS, 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 Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Do I need to pay for insurance to address the risk of chancel repairs when acquiring a residence in Stokesley?
Unless a prior acquisition of the house took place post 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Stokesley to remain recommending a chancel search and or chancel repair liability policy.
The deeds to our home are lost. The lawyers who did the conveyancing in Stokesley 5 years ago no longer exist. Will I be able to sell the house?
These day there are copies made of almost everything, and your conveyancer will know exactly where to locate all the appropriate paperwork so you may buy or dispose of your house without any difficulty. Where copies can’t be located, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
Is it possible to transfer to a new firm as I have to find a firm on the Chelsea Building Society conveyancing panel. I had appointed a high street conveyancing solicitor in Stokesley round the corner but the firm is not approved by Chelsea Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Stokesley on the Chelsea Building Society panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Stokesley. Using the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Stokesley and throughout England and Wales.
Should I choose a Stokesley conveyancing practitioner based in the vicinity that I am buying? I have an old university friend who can perform the legal work however her office is a couple of hundredmiles drive away.
The benefit of a local Stokesley conveyancing firm is that you can visit the firm to execute paperwork, present your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were impressed that must outweigh using an unknown Stokesley conveyancing solicitor solely due to them being local.