The vendors of the home we are looking to purchase hired a conveyancing practitioner in Astwood Bank who has suggested a lock out agreement with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?

There are two main drawbacks with executing a lock out contract (occasionally termed an exclusivity agreement) is that it diverts attention away from progressing with the conveyancing work, so in the absence of it needing limited or no negotiation then it could turn out to be a cause of frustration and delay. It is not promoted amongst Astwood Bank conveyancing solicitors as a result. A further issue is the extent of the remedies available - a jilted purchaser is not likely to be granted an injunctive ruling by a court to bar the owner disposing of the property to an alternative purchaser, so the only remedy open via the contract will be the reimbursement of abortive charges and, in limited circumstances, the additional payment of damages.

I opted to have a survey carried out on a property in Astwood Bank before appointing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will not grant a mortgage on this type of premises.

It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Astwood Bank. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Astwood Bank to see if the conveyancing will be more expensive.

I am looking to sell my property. My former solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Astwood Bank if that makes a difference.

Please use our search tool to help you choose a solicitor for your conveyancing in Astwood Bank. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.

We're new to the buying process - agreed a price, yet the property agent advised that the vendor will only proceed if we use the agent's preferred solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Astwood Bank

We suspect that the owner is unaware of this request. Should the vendor desire ‘a quick sale', alienating a genuine buyer is not the way to achieve this. Try to communicate with the vendors directly and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Astwood Bank conveyancing lawyers - rather thanthe ones that will provide their estate agent a referral fee or meet his conveyancing thresholds pre-set by corporate headquarters.

What advice can you give us when it comes to choosing a Astwood Bank conveyancing firm to deal with our lease extension?

When appointing a property lawyer for lease extension works (regardless if they are a Astwood Bank conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Astwood Bank conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:

What volume of lease extensions have they completed in Astwood Bank in the last twenty four months? What are the legal fees for lease extension work?

Astwood Bank Conveyancing for Leasehold Flats - Examples of Queries before Purchasing

What is the the remaining lease term? Its a good idea to discover as much as possible about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to daily matters like the tidiness of the common parts. Ask prospective neighbours what they think of them. In conclusion, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically how they are spending the funds.