The sellers of the house we are looking to purchase are using a conveyancing practitioner in Rowlands Gill who has suggested a preliminary contract with a payment two thousand pounds. Are such agreements sensible?
There are two main concerns with signing a lock out agreement (occasionally known as an exclusivity agreement) is that it takes away the focus from moving forward with the conveyancing work, so in the absence of it needing limited or no negotiation then it may turn out to be a cause of frustration and delay. It is not strongly advocated amongst Rowlands Gill conveyancing solicitors for this reason. The other main negative is the extent of the remedies available - a jilted purchaser is not likely to win an injunctive ruling by a court to prohibit the seller disposing of the property to a third party, so the only remedy open via the contract will be the reimbursement of wasted costs and, in limited circumstances, the extra payment of penalties.
I have recentlyfound out that Stirling Law have closed. They conducted my conveyancing in Rowlands Gill for a purchase of a freehold house 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rowlands Gill conveyancing specialists.
How does conveyancing in Rowlands Gill differ for new build properties?
Most buyers of new build property in Rowlands Gill come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Rowlands Gill usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rowlands Gill or who has acted in the same development.
I was advised by a couple of local selling agents in Rowlands Gill to locate a property lawyer using your seach tool. What’s the financial upside for Estate Agents to offer your site rather than another?
We don’t make any commission for directing people our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I am using a search engine for the phrase cheap conveyancing in Rowlands Gill it brings up numerous conveyancersin the area. How do I determine which is the right property lawyer for me?
The best method of choosing the right conveyancer is through a personal recommendation, so ask friends and relatives who have bought a property in Rowlands Gill or a reputable estate agent or financial adviser. Charges for conveyancing in Rowlands Gill differ, so it's a good idea to secure at least four estimates from varying types of conveyancers. Make sure that you know that the costs are guaranteed not to to be inflated.