The sellers of the home we are hoping to buy hired a conveyancing practitioner in Old Oak Common who has recommended a exclusivity contract with a down payment 10k. Is it wise to enter into such agreements?

Lock out contracts are agreements between a home vendor and prospective buyer giving the buyer a ‘clear field’ to the sale of the premises for a certain period of time. For all intents and purposes, an exclusivity agreement is a contract specifying that you should be issued with 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 seller may stand to benefit from such agreements as well. There are numerous positives and negatives to having them but you need to check with your solicitor but beware that it may result in incurring more in conveyancing fees. In light of this these contracts are not popular in relation to conveyancing in Old Oak Common.

Do the Building Society Association intend to launch a search tool with a view to to identify firms on the Loughborough BS conveyancing panel for instance in Old Oak Common?

We would not expect to be advised of any intention on the part of the BSA to promote such a tool.

Due to the input of my in-laws I had a survey completed on a house in Old Oak Common before instructing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks may refuse to give a loan on a flying freehold home.

It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Old Oak Common. Conveyancing may be slightly more expensive based on your lender's requirements.

Is it best to instruct a Old Oak Common conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can deal with the legal formalities however his firm is located 400kilometers away.

The benefit of a local Old Oak Common conveyancing firm is that you can drop in to execute paperwork, present your ID and pester them if necessary. Having local Old Oak Common know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were content that should surpass using an unfamiliar Old Oak Common conveyancing lawyer solely due to them being round the corner.

Can a conveyancer remove a name from the title of my property in Old Oak Common ?

Extracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor