We have rather pushy vendors who has suggested a preliminary contract with a payment 6,000. Is it wise to enter into such agreements?
This form of arrangement isn't common in The Ridgeway, conveyancers are not keen on them as they divert attention from the main conveyancing focus and if you end up losing your deposit then the lawyer is left exposed. In addition, there is no assurance that just because the vendor has executed an exclusivity agreement they will sell to you. They may be in contravention of the contract if they receive a big enough incentive to do so because an aggrieved purchaser with the benefit of a lockout agreement will still have to show losses as a consequence of the breach and these may not amount to the extra amount that the owner may obtain by breaking the contract, no matter how morally reprehensible the behaviour is.
In what way does my ID and proof of funds have anything to do with my conveyancing in The Ridgeway? What am I being asked for?
To satisfy the Money Laundering Regulations any The Ridgeway conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill evidencing your correct address.
Under Money Laundering Regulations, property lawyers are required to check not just the ID of conveyancing clients but also the source of fund that they receive in respect of any matter. An unwillingness to disclose this will result in your lawyer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to notify the appropriate authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
I have 70 years remaining on my lease and need a lease extension for my flat in The Ridgeway. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 24/4/2025 the requirements read as follows :
There are numerous conveyancing solicitors in The Ridgeway but how do I know who I should use?
Do not opt for the cheapest The Ridgeway conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Have just purchased a probate house at auction in The Ridgeway. Conveyancing is necessary. What are my next steps?
Now that you have to in every practical sense signed on the dotted line you now have to choose a conveyancing practitioner soon as you will have a pending deadline in which to complete the deal. An auction property will have an associated legal set of papers. This will include most,if not all of the documents that your lawyer will need. If you have purchased leasehold premises the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to leasehold premises. You must hand this to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that your finances are organised to complete on the date specified in the contract.
How can we know in advance if a The Ridgeway conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in The Ridgeway getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
Should I be suspicious that brokers that I am dealing with are encouraging me to use an online conveyancing firm rather than a High Street The Ridgeway conveyancing firm?
As is the case with many service providers, often recommendations from family and friends can be worth their weight in gold. Nevertheless there are numerous parties with a keen interest in a conveyancing deal; estate agents, financial adviser and banks might all put forward conveyancers to retain. On occasion the conveyancers might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the recommendation. You have the discretion to appoint your preferred lawyer. However, bear in mind that the majority of banks operate an approved list of solicitors you are obliged to use for the lender related work in your transaction.
I acquired a property in The Ridgeway last 25/1/2024 and to date it is still not recorded with HMLR. It is part of a new estate and my conveyancer told me that it can take 12 months to complete the registration formalities. I have called HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your lawyer that you must contact in order to satisfy any concerns which have arisen as part of the registration process for your The Ridgeway property. Normal The Ridgeway conveyancing practice includes an undertaking on the part of the previous owner’s solicitor that they will help resolve any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.