We have rather pushy sellers who has suggested a lock out contract with a deposit 6,000. Are such arrangements the norm for Stony Stratford conveyancing transactions?
There are a couple of main concerns with signing a lock out agreement (occasionally termed an exclusivity agreement) is that it takes away the focus from progressing with the conveyancing transaction itself, so in the absence of it needing limited or no negotiation then it could turn out to be a cause of frustration and delay. It is not strongly advocated by Stony Stratford conveyancing solicitors as a result. The other main negative is the extent of the remedies available - a jilted purchaser is extremely unlikely to be issued with injunctive relief to bar the seller completing the sale to another buyer, so the only remedy open via the contract will be the reimbursement of wasted costs and, in restricted scenarios, the extra payment of penalties.
Completed the sale of my flat in Stony Stratford last July but the buyer keeps texting me complaining that his conveyancer is waiting to hear from mysolicitor. What should my lawyer have done now that I have sold?
After completion of your house sale your lawyer is duty bound to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer must also evidence that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion steps just for conveyancing in Stony Stratford.
Are the BSA intent on creating a searchable register to list practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Stony Stratford?
We are not aware of any intention on the part of the BSA to develop such a search facility.
I decided to have a survey carried out on a house in Stony Stratford ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders will not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stony Stratford. Conveyancing will be smoother if you use a solicitor in Stony Stratford especially if they are acquainted with such properties in Stony Stratford.
I am looking for a conveyancing lawyer in Stony Stratford for my home move. Is it possible to review a firm’s record with the legal regulator?
Anyone can find presented Solicitor Regulator Association (SRA) decisions arising from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may recorded call for training reasons.