We have rather brash sellers who has recommended a exclusivity contract with a deposit 10k. Is it wise to enter into such agreements?
Exclusivity contracts are contracts between a home seller and purchaser giving the buyer a ‘clear field’ to purchase the property within an agreed time frame. Essentially, an exclusivity is a document stating that you should have a contract at a later time being the contract for the actual sale. It tends to be utilised for buyer protection though in some cases, the seller may enjoy an upside from such agreements as well. There are numerous pros and cons to having them but you should to check with your solicitor but beware that it may end up incurring more in conveyancing fees. For this these agreements are rare when it comes to conveyancing in Battlesbridge.
Me and my partner are buying a house in Battlesbridge. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to send money into their account. What is the protection 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.
Can I be sure that the Battlesbridge conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Battlesbridge getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer carrying out your transaction.
We have agreed to purchase a house in Battlesbridge. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that your lender is HSBC your lawyer must comply with the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook sets out minimum provisions for solar panel roof-space leases, and property lawyers are required to report to HSBC where a lease fails to comply with these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to Battlesbridge.
I have been told that property searches are the main cause of delay in Battlesbridge house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Battlesbridge.
How does conveyancing in Battlesbridge differ for newly converted properties?
Most buyers of new build or newly converted property in Battlesbridge contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Battlesbridge usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Battlesbridge or who has acted in the same development.
What does commercial conveyancing in Battlesbridge cover?
Battlesbridge conveyancing for business premises incorporates a wide range of advice, offered by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Online reading suggests that Battlesbridge solicitors are more costly than Battlesbridge conveyancers in Battlesbridge when it comes to buying a house. Am I better off using a conveyancer or a solicitor if I am buying a property in Battlesbridge.
When it comes to conveyancing in Battlesbridge the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.