The owners of the property we are purchasing have instructed a conveyancing practitioner in De Beauvoir Town who has suggested a lock out agreement with a payment two thousand pounds. Is it wise to enter into such agreements?

Exclusivity agreements are agreements binding a property vendor and purchaser granting the buyer a ‘clear field’ to the sale of the property within a prescribed time frame. For all intents and purposes, a lock out is a document specifying that you will receive a contract at a later date which is the main conveyancing contract. It tends to be used for buyer assurance though in some cases, the owner may stand to benefit from such agreements as well. There are numerous positives and negatives to having an agreement but you need to check with your solicitor but note that it may end up costing you more in conveyancing fees. For these reasons these contracts are unusual in relation to conveyancing in De Beauvoir Town.

Can I use your services to recommend a Conveyancing solicitor in De Beauvoir Town even if I’m not purchasing or selling a house, for example if I intend to acquire a shop in De Beauvoir Town with a loan from Skipton Building Society?

Our search tool is mainly there to select residential conveyancing solicitors in De Beauvoir Town but we have set out at the bottom of this page a selection of De Beauvoir Town commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they are also authorised to represent Skipton Building Society

Me and my partner are buying a apartment in De Beauvoir Town. It might be a silly question but how we can trust a solicitor? At some point we will need to put our life savings into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Can I be sure that the De Beauvoir Town conveyancing solicitor on the RBS panel is any good?

When it comes to conveyancing in De Beauvoir Town obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.

I had an offer accepted on a house in De Beauvoir Town on 23/12/2024, valuation was booked 3 days later, received a clean bill of health. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Are Virgin Money entitled to hold back the Mortgage pending the lawyer being on the approved list?

A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.

The estate agent has sent us the confirmation of our purchase of a new build flat in De Beauvoir Town. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in De Beauvoir Town

Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Our conveyancer in De Beauvoir Town has uncovered a defect with the lease for the apartment we are buying in De Beauvoir Town. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor says that as he is on the lender conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.