The sellers of the house we are hoping to buy have instructed a conveyancing solicitor in Datchet who has recommended a exclusivity agreement with a payment 6,000. Are such agreements sensible?
Exclusivity agreements are contracts between a home vendor and prospective buyer giving the buyer a ‘clear field’ to purchase the premises for a limited period of time. For all intents and purposes, a lock out agreement is a contract specifying that you should receive a contract at a later time being the main conveyancing contract. It is generally used for buyer protection though in some cases, the proprietor may enjoy an upside from such agreements as well. There are many pros and cons to having an agreement but you should to check with your lawyer but beware that it may end up incurring more in conveyancing charges. In light of these reasons these contracts are rare when it comes to conveyancing in Datchet.
Are the BSA planning on creating a searchable register to list practices on the Darlington Building Society conveyancing panel for instance in Datchet?
We have not been informed any intention on the part of the BSA to develop such a register.
I opted to have a survey carried out on a property in Datchet ahead of retaining lawyers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will not issue a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Datchet. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Datchet to see if the conveyancing costs will increase in light of this.
My father-in-law has encouraged me to use his conveyancing solicitors in Datchet. Should I use them?
There are no two ways about it the ideal way to select a conveyancing solicitor is to have referrals from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.
Do online conveyancing organisations undertake everything a local Datchet solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Datchet?
If you choose an online conveyancer they will undertake all the things your Datchet solicitor would cover.