The owners have very assertive sellers who has insisted on a preliminary contract with a deposit of 5k. Is it wise to enter into such agreements?
This type of contract isn't common in Fairford, conveyancers will often sway clients away from them as they detract from the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor 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 entered into an exclusivity contract they will sell to you. They may be motivated to break the agreement if they are offered a large enough offer to do so because an aggrieved purchaser with the benefit of a lockoutcontract will still be legally obliged to establish consequential losses from the breach and this may not compare to the extra amount that your seller may secure by breaking the contract, however morally reprehensible the behaviour is.
We note that you have a search directory listing firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Fairford?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Fairford.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Fairford. Do I receive the keys to the property on completion from my conveyancer? If this is the case, I will appoint a local conveyancing solicitor in Fairford?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's solicitors, and once they have received this, you should be able to collect the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
We expect to receive a DIP from Skipton this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Skipton recommend any Fairford solicitors on the Skipton conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Fairford solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Fairford conveyancing practitioner on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
I am intent on selling our house in Fairford and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Fairford. We have lived in Fairford for six years we know of no issue. Should we contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Fairford is the location of the property. Can you offer any guidance?
Flying freeholds in Fairford are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fairford you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fairford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
We are midway through purchasing a property in Fairford. Conveyancing lawyer has told us the property is "Leasehold". Should this make a difference on our mortgage valuation?
Fairford conveyancing does not usually involve leasehold houses. The main consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's virtually freehold, so it shouldn't impact the marketability significantly.
On the flip side, if it's, say, Sixty years it is bound to have a adverse impact on the value, and probably wouldn't be mortgageable. The length of lease and ground rent will be set out in the lease provided to your property lawyer.