We have rather brash vendors who has insisted on a exclusivity agreement with a down payment 6,000. Is it wise to enter into such agreements?

There are a couple of primary downsides with signing a lock out agreement (sometimes referred to as an exclusivity agreement) is that it can distract from making progress with the conveyancing work, so in the absence of it needing limited or no negotiation then it could transpire to be a hindrance. It is not particularly popular by Petersham conveyancing practitioners for this reason. A further concern is the extent of the remedies available - an aggrieved purchaser should not expect to win an injunctive ruling by a court to prevent the vendor selling to a third party, so the only remedy available under the agreement will be the recovery of wasted costs and, in restricted scenarios, the extra payment of damages.

Can your site be used to find a Conveyancing solicitor in Petersham even if I’m not buying or disposing of a house, for instance if I wish to buy a shop in Petersham with a mortgage from Norwich and Peterborough Building Society?

The service is predominantly utilised to get a quote from residential conveyancing solicitors in Petersham but we have recorded towards the bottom of this page a selection of Petersham commercial conveyancing firms. You will need to speak with the company directly to establish if they are also authorised to represent Norwich and Peterborough Building Society

We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would much rather instruct a Petersham based conveyancing firm?

You should check but the the probability is that appoint one of their panel conveyancers should you accept the "fee-free" deal. Call the bank to check if they make available a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Petersham.

I have been on the look out for a ground for flat up to £195,000 and found one close by in Petersham I like with open areas and station nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Petersham for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

I have chosen a Petersham conveyancing solicitor for our home move (novice purchasers) and have noticed in the engagement letter that they are not regulated by the Financial Conduct Authority. Need I be concerned or is that the norm with lawyer?

We can't see why they should be. Most solicitor don't lend money. You should check that they are regulated by the SRA, who set specific rules covering monies sitting by them.