The owners of the property we are purchasing have appointed a conveyancing practitioner in Corston who has insisted on a lock out contract with a payment two thousand pounds. Are such arrangements recommended for Corston conveyancing transactions?
There are two main downsides with executing a lock out contract (occasionally termed a no-shop agreement) is that it takes away the focus from progressing with the conveyancing work, so in the absence of it needing minimal or no negotiation then it could turn out to be unhelpful. It is not strongly advocated by Corston conveyancing solicitors as a result. A further issue is the extent of the remedies available - a jilted buyer is extremely unlikely to secure an injunction to prohibit the owner selling to a third party, so the only remedy available under the contract will be the reimbursement of wasted charges and, in restricted scenarios, the extra payment of damages.
We are planning to acquire a flat and need a conveyancing solicitor in Corston who is on the Leeds Building Society solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Corston.
I'm buying my first flat in Corston benefiting from help to buy. The sellers would not reduce the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not disclose to my conveyancer about the extras as it could put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What makes your site different to other web based conveyancing brokers when it comes to conveyancing in Corston?
At this site secure a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Corston. Unlike many estate agents and many comparison sites we do not charge firms a commission if you select them for your property ownership legalities in Corston
Whilst your website is a good idea there are many lawyers listed near Corston being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our bank?
We are not in the business of recommending one firm above another as the right Corston conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Corston knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..