The owners of the property we are purchasing are using a conveyancing firm in Bangor who has suggested a preliminary contract with a non-refundable deposit two thousand pounds. Are such agreements sensible?
Lock out agreements are agreements binding a property owner and purchaser granting the buyer exclusive rights to the sale of the premises for a set period of time. For all intents and purposes, a lock out agreement is a contract specifying that you will have a contract at a later date which is the contract for the actual sale. It is generally used for buyer assurance though in some cases, the seller may enjoy an upside from such agreements as well. There are various 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 charges. For this these contracts are not popular in relation to conveyancing in Bangor.
My Conveyancer in Bangor is not on the Chelsea Building Society Conveyancing Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the Chelsea Building Society panel?
The limited options open to you here include:
- Complete the purchase with your preferred Bangor lawyers but Chelsea Building Society will need to instruct a solicitor on their list of acceptable firms. This will result in additional total legal fees and result in delays.
- Get an alternative lawyer to act in the purchase, obviously checking they are Chelsea Building Society approved.
- Persuade your Chelsea Building Society solicitor to seek to join the Chelsea Building Society panel
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial land in Bangor?
Its becoming the norm that commercial conveyancing solicitors in Bangor will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Bangor. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bangor.
For every commercial conveyancing transaction in Bangor it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Bangor commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Bangor.
I'm converting the mortgage on my existing house to a buy to let loan with National Westminster Bank and I will use the rest of the raised equity as a down payment on another house. The area we are talking about is Bangor. Will your lawyers be able to act for both sets of mortgage companies and tie in the transactions?
Do use our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are the conveyancer should be able to connect the two deals but you should talk with you conveyancer and specify your expectations and needs.
What do I do if I am not happy with the solicitor who carried out our conveyancing in Bangor?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that sometimes things do go wrong. However there is recourse if you were unhappy with your conveyancing in Bangor. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their regulator. If things still aren’t sorted out you may consider getting in touch with the Legal Ombudsman.