The sellers of the property we are hoping to buy have instructed a conveyancing firm in Coleford who has suggested a preliminary contract with a deposit 10k. Is it wise to enter into such agreements?

Lock out agreements are agreements binding a home seller and purchaser granting the buyer a ‘clear field’ to the sale of the premises for a certain period of time. Essentially, an exclusivity agreement is a contract stating that you will receive a contract at a later time which is the main conveyancing contract. It is generally used for buyer confidence though in many situations, the owner may enjoy an upside from such agreements as well. There are numerous positives and negatives to having an agreement but you should to check with your lawyer but note that it may end up costing you more in conveyancing charges. For these reasons these agreements are unusual in relation to conveyancing in Coleford.

I own a freehold property in Coleford but still pay rent, why is this and what is this?

It’s unusual for properties in Coleford and has limited impact for conveyancing in Coleford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.

I am planning to move house in December. Should my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you suggest a removal company in Coleford. Conveyancing solicitor was found prior to coming across this website.

On the afternoon of completion you will need to pick up the house keys from your property agent but this should only happen when the vendors conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be released. After that you should tell the removal men that you are ready to move in. We are not in a position to suggest a specific removal organisation but can help you find a residential property solicitor in Coleford or a solicitor with expertise in conveyancing in Coleford.

Is it the case that all Coleford solicitor practices on the Bank of Ireland conveyancing panel are overseen by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many lenders do list licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.

We are getting the release of further funds on our home loan from Skipton as we wish to carry out alterations to our house in Coleford. Are we obliged to appoint a bricks and mortar Coleford solicitor on the Skipton conveyancing panel to handle the legals?

Skipton do not ordinarily appoint firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Skipton list.

Should commercial conveyancing searches disclose impending roadworks that could impact a commercial site in Coleford?

Many commercial conveyancing solicitors in Coleford will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Coleford. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Coleford.

For each commercial conveyancing transaction in Coleford it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Coleford commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Coleford.

Taking into account that I am about to part with 450k on 3 bedroom house in Coleford I wish to have a conversation with the solicitor concerning thehome move ahead of instructing the firm. Is this something that you can arrange?

This is something that we recommend - we would be delighted to talk to you we do not take any clients on without you speaking to the lawyer due to be carrying out your property ownership legalities in Coleford.There is no ‘factory style conveyancing’ - each client is an important individual, not a case number. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Coleford should be the amount on the final invoice that you are charged.