We have very pushy vendors who has recommended a exclusivity agreement with a deposit of 5k. Are such agreements sensible?
This kind of arrangement is not the norm in Bakewell, conveyancers will often direct clients away from them as they detract from focusing on the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no assurance that just because the proprietor has executed a lock out agreement they will complete the sale with you. They may be motivated to break the agreement if they receive a large enough incentive to do so because an aggrieved claimant with the benefit of a exclusivity agreement will still be duty bound to establish consequential losses from the breach and these may not equate the extra amount that your seller may obtain by reneging on the contract, however morally shameful the behaviour is.
When will exchange of contracts occur in sale conveyancing in Bakewell and do I need to attend the lawyers branch?
Where you are in close proximity to our conveyancing solicitors in Bakewell you are welcome to attend to sign contracts. That being said, the firms we work with provide a nationwide conveyancing service and provide just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the sale agreement is not when everything is set in stone. A signed contract is just a prerequisite for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bakewell)to be in the office at the appropriate time.
Due to the guidance of my in-laws I had a survey completed on a house in Bakewell in advance of instructing solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks will refuse to issue a loan on this type of house.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bakewell. Conveyancing will be smoother if you use a solicitor in Bakewell especially if they are acquainted with such properties in Bakewell.
What tools are available to search for a Bakewell law firm on the Platform Home Loans Ltd conveyancing panel? I have a car and am willing to travel upto 20miles to meet the conveyancer.
You can use the facility on this website. Please pick a bank and your location and you will see a number of Bakewell conveyancing lawyers locally. We have detailed some Bakewell conveyancing firms at the bottom of this page and you can contact them to verify whether they are on the Platform Home Loans Ltd member panel
We're first time buyers - had an offer accepted, but the selling agent informed us that the vendor will only issue a contract if we use their preferred conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Bakewell
It is highly unlikely the vendors are driving this. Should the vendor require ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you will continue to use your preferred Bakewell conveyancing solicitors - not the ones that will give the estate agent a referral fee or meet his conveyancing figures demanded by senior management.