The owners have rather brash vendors who has recommended a preliminary contract with a non-refundable deposit 10k. Are such agreements sensible?
There are two main drawbacks with signing a lock out contract (sometimes known as a no-shop agreement) is that it diverts attention away from making progress with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it may transpire to be a cause of frustration and delay. It is not particularly popular by Burnley conveyancing lawyers as a result. The other main concern is the extent of the remedies available - a jilted purchaser is very unlikely to secure injunctive relief to prohibit the owner completing the sale to a third party, so the only remedy available under the agreement will be the reimbursement of abortive charges and, in rare situations, the additional payment of penalties.
Completed the sale of my flat in Burnley last January but my buyer keeps Skype messaging daily complaining that their lawyer is waiting to hear from mine. What should have happened now that I have sold?
After completion of your house sale your solicitor should forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your solicitor must also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers lawyers. There are no post completion tasks peculiar conveyancing in Burnley.
We're in Burnley, First time buyers buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
There are numerous conveyancing solicitors in Burnley but how do I know who I should use?
We would encourage you not to go for the cheapest Burnley conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
My stepmother informed me that in purchasing a property in Burnley there could be various restrictions prohibiting external changes to a property. Is this right?
We are aware of a number of properties in Burnley which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Burnley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with TSB. Burnley conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB conducted the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am thinking of appointing a conveyancing lawyer in Burnley for my home move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
You may find presented Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training purposes.