The owners of the home we are hoping to buy have appointed a conveyancing practitioner in Chalk Farm who has recommended a exclusivity agreement with a payment 10k. Is it wise to enter into such agreements?
Exclusivity agreements are contracts binding a property seller and prospective acquirer granting the buyer a ‘clear field’ to purchase the property for a limited period of time. Essentially, a lock out is a document specifying that you will have a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer assurance though in many situations, the proprietor may enjoy an upside from such agreements as well. There are many pros and cons to having them but you need to check with your solicitor but note that it may result in costing you more in conveyancing fees. For these reasons these agreements are rare when it comes to conveyancing in Chalk Farm.
Should lawyers request money on account when it comes to conveyancing in Chalk Farm?
Where you are retaining lawyers for conveyancing in Chalk Farm your solicitor will request that you place them with funds to cover the the cost of the conveyancing searches. Generally this is needed to cover the fees of the Local Authority Search. If any deposit is payable against the total price then this should be required immediately before exchange of contracts. Any further balance that is needed should be transferred a few days prior to the completion date.
I have been referred to a conveyancing solicitor in Chalk Farm. I need to find out if they are accepted on the Lloyds TSB Bank approved list of lawyers. Can you assist?
The first thing to do is e-mail your conveyancer and ask them whether they can act for the lender. Otherwise you can get in touch with Lloyds TSB Bank who may be able to confirm.
What will a local search inform me concerning the property we're purchasing in Chalk Farm?
Chalk Farm conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example PSG The local search plays a central role in many a Chalk Farm conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I have justfound out that Wolstenholmes have closed. They carried out my conveyancing in Chalk Farm for a purchase of a leasehold apartment 10 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chalk Farm conveyancing specialists.
I am downsizing from my home. My former conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Chalk Farm if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Chalk Farm. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
