The owners have rather assertive vendors who has insisted on a preliminary contract with a non-refundable deposit two thousand pounds. Are such agreements sensible?
This type of agreement is not the norm in Woodside, conveyancers are not keen on them as they divert attention from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer is left exposed. Furthermore, there is no certainty that just because the seller has signed an exclusivity agreement they will sell to you. They may be motivated to break the agreement if they receive a large enough financial inducement to do so because a wronged claimant with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and this may not equalise the financial benefit that your seller may secure by reneging on the contract, no matter how morally condemnable it undoubtedly is.
Can I use your services to recommend a Conveyancing solicitor in Woodside even where I’m not purchasing or disposing of a house, for example if I wish to buy a shop in Woodside with a loan from Aldermore?
Our search tool is primarily there to locate residential conveyancing solicitors in Woodside but we have listed towards the bottom of this page a few Woodside commercial conveyancing firms. You will need to enquire with the firm directly to establish if they are also authorised to represent Aldermore
My Solicitor in Woodside has never been on on the Aldermore Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Aldermore approved list?
The limited options open to you here include:
- Complete the purchase with your existing Woodside lawyers but Aldermore will need to instruct a lawyer on their panel. This will inevitably rack up the total conveyancing charges and result in delays.
- Choose an alternative solicitor to to deal with the conveyancing, not forgetting to check they are on the Aldermore panel
We are buying a flat in Woodside. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Woodside conveyancer on the Aldermore panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore 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 Aldermore mortgage from the register. Aldermore, 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 Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
It is not clear whether my bank requires a lease extension. I have called into my local Woodside building society branch on various occasions and was informed it wasn't a problem and they will lend. My Woodside conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Provided that the property lawyer is on the bank panel, she or he must comply with the Council of Mortgage Lenders’ Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
How easy is it to swap conveyancer as I need to retain a firm on the Chelsea Building Society conveyancing list. I hired a local conveyancing solicitor in Woodside round the corner but the firm is not approved by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Woodside on the Chelsea Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Woodside. Using the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Woodside.
My husband and I are 14 days into a residential purchase having been referred to solicitors by the selling agent to handle our conveyancing in Woodside. I am am starting to be disappointed with the quality of service. Can you help me find new lawyers?
A lawyer would need to be really bad to suggest diss instructing them. Has your mortgage been issued? If so you must advise them of the new contact details and get the mortgage documents are re-issued. The solicitor ideally should be on the banks panel to avoid supplemental expenses and delays. That should be your starting point. Our find a solicitor tool can help you find a bank approved lawyer for your conveyancing in Woodside