We have rather pushy sellers who has suggested a preliminary agreement with a non-refundable deposit of 5k. Are such agreements sensible?
Exclusivity contracts are contracts between a property vendor and purchaser granting the buyer a ‘clear field’ to the sale of the premises for a limited period of time. For all intents and purposes, an exclusivity agreement is a contract specifying that you will have a contract at a later time which is the contract for the actual sale. It tends to be utilised for buyer confidence though in many situations, the vendor may stand to benefit from such agreements as well. There are numerous pros and cons to having an agreement but you need to check with your conveyancer but beware that it may end up costing you extra in conveyancing fees. In light of these reasons these contracts are unusual in relation to conveyancing in St Luke's.
In what way does my ID and proof of funds have anything to do with my conveyancing in St Luke's? Why is this being asked of me?
St Luke's conveyancing solicitors as well as nationwide property practitioners throughout the UK have a duty under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Confirmation of source of funds is also necessary under the money laundering regulations as conveyancers are duty bound to check that the money you are using to acquire a property (be it the exchange deposit or the total purchase price if you are buying mortgage free) has come from an acceptable source (such as employment savings) as opposed to the proceeds of illegitimate behaviour.
My lawyer in St Luke's has never been on on the Clydesdale Solicitor Panel. Can I still retain my family solicitor even though they are not on the Clydesdale list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing St Luke's lawyers but Clydesdale will need to instruct a lawyer on their panel. This will result in additional total conveyancing fees and cause frustration.
- Choose a new solicitor to to deal with the purchase, remembering to check they are Persuade your lawyer to use their best endeavours to join the Clydesdale conveyancing panel
Just bought a semi-detached house in St Luke's , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My St Luke's conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
There is nothing unique when it comes to conveyancing in St Luke's registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry have to notify any 3rd parties. As of today in the region of three quarters of submission are fully dealt with within two weeks but some can be subject to extensive delays. Historically registration takes place once the buyer is living at the property therefore post completion formalities is not typically top priority yet where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
What makes your site different to alternative online quote calculators when it comes to conveyancing in St Luke's?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in St Luke's. Unlike many estate agents and many comparison sites we do not charge firms a commission if you choose them for your property ownership legalities in St Luke's
In surfing the web for the words on line conveyancing in St Luke's it reveals many property lawyersin the area. How do I determine which is the right conveyancing solicitor for purchase transaction?
The best method of finding the right conveyancer is through a trusted recommendation, so enquire of colleagues and relatives who have bought a property in St Luke's or a reputable estate agent or financial adviser. Charges for conveyancing in St Luke's differ, so it's advisable to request a minimum of four quotes from varying types of property lawyers. Make sure that you know what costs in the quote includes.