The owners of the home we are purchasing have appointed a conveyancing solicitor in Yatton who has insisted on a exclusivity contract with a down payment of 5k. Are such agreements generally advanced for Yatton conveyancing transactions?
There are two primary downsides with signing a lock out agreement (also known as a shut-out contract) is that it diverts attention away from progressing with the conveyancing work, so in the absence of it needing minimal or no negotiation then it could transpire to be unhelpful. It is not promoted by Yatton conveyancing lawyers as a result. A supplemental issue is the extent of the remedies available - an aggrieved buyer is extremely unlikely to obtain injunctive relief to stop the vendor disposing of the property to a third party, so the only remedy available under the contract will be the recovery of abortive costs and, in limited scenarios, the additional payment of penalties.
I have been told that property searches are the number one cause of delay in Yatton conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Yatton.
It has been 3 months following my purchase conveyancing in Yatton took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Yatton before appointing lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend not give a mortgage on this type of property.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Yatton. Conveyancing will be smoother if you use a solicitor in Yatton especially if they regularly deal with such properties in Yatton.
I need to instruct a conveyancing practitioner in Yatton for my home move. Is it possible to check a firm’s complaints history with the legal regulator?
Anyone can read published Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training requirements.
I have been searching for Yatton conveyancing quotes online. Can I be confident that all the Yatton law firms that are identified on your website are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have assured us via an online form that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Yatton firm being on the bank conveyancing panel is incorrect.