We have rather pushy vendors who has insisted on a lock out contract with a deposit 10k. Are such arrangements appropriate for Broughton Astley conveyancing transactions?
This form of arrangement is unusual in Broughton Astley, conveyancers are often inclined to veer clients away from them as they divert attention from the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no certainty that just because the vendor has executed an exclusivity agreement they will complete the sale with you. They may breach the contract if they are offered sufficient financial inducement to do so because a wronged buyer with the benefit of a exclusivitycontract will still be obliged establish consequential losses from the breach and this may not equalise the financial upside that your vendor may secure by reneging on the contract, however morally condemnable the behaviour is.
How up to date is your search tool for Broughton Astley conveyancing solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Broughton Astley conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
My wife and I are selling our property in Broughton Astley and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the buyers used an online conveyancing practice rather than a conveyancing solicitor in Broughton Astley. Having lived in Broughton Astley for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must check with 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 health insurance to cover that same ailment)
It has been three months following my purchase conveyancing in Broughton Astley concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Broughton Astley differ for new build properties?
Most buyers of new build residence in Broughton Astley approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Broughton Astley usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Broughton Astley or who has acted in the same development.