The owners have rather pushy sellers who has suggested a lock out contract with a down payment 6,000. Is it wise to enter into such agreements?
There are two main downsides with signing a lock out agreement (sometimes termed a no-shop agreement) is that it can distract from moving forward with the conveyancing work, so unless it requires limited or no negotiation then it may turn out to be a hindrance. It is not particularly popular by Whitchurch conveyancing solicitors as a result. The other main concern is the extent of the remedies available - an aggrieved buyer is not likely to win injunctive relief to prohibit the owner completing the sale to another buyer, so the only remedy open via the contract will be the reimbursement of abortive costs and, in limited scenarios, the additional payment of penalties.
What is the optimum way to investigate if the solicitor handling my conveyancing in Whitchurch is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays Direct thus paying £175.00 in another set of legal bill.
Please do take advantage of the search tool on this site. Please choose the lender and type ‘Whitchurch’ or your preferred area and you will see a number of lawyer located in Whitchurch or by proximity to you.
My friend advised me that if I am buying in Whitchurch I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Whitchurch conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Whitchurch around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Whitchurch Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Whitchurch.
My wife and I have a 4 bedroom Edwardian house in Whitchurch. Conveyancing practitioner acted for me and TSB. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Whitchurch and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing solicitor who completed the work.
I was pointed in your direction by numerous property agents in Whitchurch to locate a property lawyer using your seach tool. Is there a financial upside for Estate Agents to offer your lawyers ahead of another?
We refuse to offer any commission for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Been on the hunt for a conveyancing practitioner for freehold sale conveyancing in Whitchurch. We are selling, uncomplicated no mortgage to redeem, no rush, currently empty. Got an estimate from a conveyancing practitioner for £1000 excluding VAT which is a little high given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Whitchurch?
Given that it’s a sale only, £450 + VAT would be about the lowest for a Whitchurch solicitor firm.