The sellers of the house we are purchasing have appointed a conveyancing firm in Oldland who has recommended a exclusivity contract with a down payment 6,000. Is it wise to enter into such agreements?
Exclusivity contracts are contracts between a home vendor and prospective buyer granting the buyer the sole right to purchase the premises within an agreed time frame. Essentially, an exclusivity agreement is a contract stating that you will be issued with a contract at a later time which is the contract for the actual sale. It is generally used for buyer protection though in many situations, the proprietor may stand to benefit from such agreements as well. There are various positives and negatives to having them but you need to check with your solicitor but note that it may end up incurring extra in conveyancing fees. For this these contracts are rare in relation to conveyancing in Oldland.
Having spent time reading consumer advice sites for a conveyancing lawyer in Oldland, many say that I must use a CQS assured lawyer. What is CQS?
Oldland Conveyancing Quality Scheme practices have obtained accreditation under the Law Society's Scheme (CQS) CQS was created to promote high standards in the home moving process. CQS enables buyers and sellers to identify solicitor firms that provide a quality residential conveyancing. Oldland is one of the many areas in England and Wales in which accredited firms are based. The conveyancing scheme requires law firms to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Building Societies Association.
What does a local search inform me concerning the house we're buying in Oldland?
Oldland conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Oldland conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search will provide 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 thirteen topic headings.
I am looking into buying my first house which is in Oldland and I am already nervous. I couldn't find anything specific about Oldland. Conveyancing will be needed in due course but do you know about the Oldland area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Oldland. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my grandfather I am disposing of a house in Cardiff but reside in Oldland. My conveyancer (approximately 260 miles awayneeds me to sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Oldland who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Oldland based
My father-in-law mentioned that when choosing a conveyancing lawyer they need approved by your lender. I am novice purchaser but I have an offer in principle with HSBC and I already have a family conveyancing lawyer in Oldland on standby. Can Birmingham Midhshires require an approved solicitor to be instructed? Does a directory of panel conveyancers even exist for my conveyancing in Oldland?
You need to instruct a solicitor that is on the Birmingham Midhshires panel. Just call your preferred Oldland conveyancing lawyer and ask if they are on the Birmingham Midhshires panel. If they are not approved you have a couple of alternatives open to you here:
- Complete the deal with your existing Oldland solicitor but Birmingham Midhshires will undoubtedly use a conveyancing practitioner on their approved panel. This will result in additional fees and potential delay.
- Appoint a new solicitor to act in the purchase, not forgetting to check that they are on the Birmingham Midhshires conveyancing panel.
- Convince your conveyancer to attempt to join the lender panel.