The owners of the home we are hoping to buy hired a conveyancing practitioner in Streetly who has recommended a exclusivity agreement with a deposit 10k. Are such agreements sensible?
This type of agreement isn't common in Streetly, conveyancers are not keen on them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. In addition, there is no certainty that just because the proprietor has executed an exclusivity contract they will sell to you. They may breach the contract if they receive sufficient incentive to do so because an aggrieved claimant with the benefit of a lockout agreement will still be obliged show losses as a consequence of the breach and these may not compare to the financial upside that your seller may secure by reneging on the agreement, however morally unworthy that may be.
It has been five months following my purchase conveyancing in Streetly completed. I have checked the Land Registry website which shows that I paid £175,000 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 residence 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.
I decided to have a survey carried out on a property in Streetly ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may not issue a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Streetly. Conveyancing will be smoother if you use a solicitor in Streetly especially if they regularly deal with such properties in Streetly.
Is it possible to change firm as I have to retain one who is on the conveyancing list. I instructed a family conveyancing solicitor in Streetly five minutes from me but he is not accepted by
We will our best to assist in finding you a conveyancing solicitor in Streetly on the panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Streetly. In making use of the find a conveyancing solicitor tool on this site, you can compare charges for conveyancing solicitors in Streetly and beyond.
We are a fortnight into a freehold purchase having been referred to conveyancers by the local agent to do our conveyancing in Streetly. I am not happy. Can you you assist me in finding new solicitors?
A conveyancer would need to be very poor in order to consider replacing them. Has the loan offer been generated? If so you need to inform them of the new contact details and get the mortgage documents are issued to the new lawyers. Your solicitor ideally needs to be on the banks panel to avoid supplemental expenses and frustration. So that should be your starting point. Our search tool can help you find a lender approved solicitor for your home move in Streetly