The vendors of the home we are looking to purchase hired a conveyancing practitioner in Tidworth who has recommended a exclusivity contract with a non-refundable deposit two thousand pounds. Are such agreements sensible?
There are a couple of main downsides with entering into any lock out contract (occasionally termed a shut-out contract) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it may transpire to be a cause of frustration and delay. It is not promoted amongst Tidworth conveyancing solicitors for this reason. A supplemental negative is the extent of the remedies available - a jilted buyer is not likely to be granted an injunction to prohibit the vendor disposing of the property to another buyer, so the only remedy available under the agreement will be the reimbursement of abortive charges and, in rare situations, the extra payment of damages.
We note that you have a search directory listing firms on the Coventry BS conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Tidworth?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Tidworth.
The Tidworth conveyancing solicitors that I appointed last week on my house acquisition in Tidworth have without warning closed. I chose them because I needed a solicitor on the Co-operative conveyancing panel and my family Tidworth lawyer was not. I paid them funds in advance. What are my options?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
I am expecting a DIP from UBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Tidworth solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Tidworth solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I'm in the throws of viewing apartments in Tidworth and I am about to put in an offer. Is it best to have my solicitor on ‘stand by’? I intend to finance via a mortgage with Leeds Building Society.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are taking out a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.
The formalities of my purchase has taken place for my property in Tidworth. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I am downsizing from our home in Tidworth and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers used an online conveyancing firm rather than a conveyancing solicitor in Tidworth. We have lived in Tidworth for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You should 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 life insurance to cover that same illness)
Over the last few months I have been searching for a flat up to £195,000 and found one near me in Tidworth I like with open areas and station in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Tidworth suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage that many years may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.