We have very pushy sellers who has suggested a lock out contract with a non-refundable deposit 10k. Are such agreements the norm for Queensferry conveyancing transactions?
Exclusivity contracts are agreements between a home vendor and prospective buyer giving the buyer exclusive rights to the sale of the property for a certain period of time. Essentially, a lock out is a document stating that you should receive a contract at a later date being the main conveyancing contract. It tends to be used for buyer protection though in some cases, the vendor may stand to benefit from such agreements as well. There are many positives and negatives to using them but you need to check with your solicitor but beware that it may result in costing you extra in conveyancing fees. For this these contracts are avoided when it comes to conveyancing in Queensferry.
Can I use your services to recommend a Conveyancing solicitor in Queensferry even if I’m not purchasing or disposing of a house, for instance if I wish to buy a shop in Queensferry with a loan from National Westminster Bank?
The service is predominantly utilised to locate domestic conveyancing solicitors in Queensferry but we have recorded towards the bottom of this page a selection of Queensferry commercial conveyancing firms. You will need to speak with the solicitors directly to check if they are also authorised to represent National Westminster Bank
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather instruct a Queensferry based conveyancing firm?
Do check but the the probability is that appoint one of their panel conveyancers should you accept the "fee-free" offer. Speak to the lender and determine if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Queensferry.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one close by in Queensferry I like with amenity areas and railway links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Queensferry suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I'm refinancing my current property to a buy to let loan with Bank of Ireland and intend to use the remaining equity as a deposit on a second house. The area we are interested in is Queensferry. Will your solicitors be able to act for the two banks and tie in the conveyances?
Do use our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. On the basis that they are the conveyancer will be able to simultaneously deal with the two transactions but you should talk with you conveyancer and communicate your desired outcome and requirements.