The sellers of the house we are looking to purchase have appointed a conveyancing practitioner in Wargrave who has recommended a lock out contract with a payment two thousand pounds. Are such agreements sensible?

There are a couple of primary downsides with signing a lock out agreement (also termed an exclusivity agreement) is that it takes away the focus from moving forward with the conveyancing process, so unless it requires minimal or no negotiation then it could turn out to be a cause of frustration and delay. It is not strongly advocated amongst Wargrave conveyancing practitioners as a result. A supplemental issue is the extent of the remedies available - an aggrieved buyer should not expect to be issued with injunctive relief to prohibit the owner disposing of the property to another buyer, so the only remedy available under the agreement will be the reimbursement of wasted costs and, in restricted scenarios, the additional payment of penalties.

Our bank has suggested a law firm on their panel based in Wargrave but I would rather instruct a conveyancing lawyer in Wargrave round the corner to me. Can you help?

It is by no means the case that all Wargrave conveyancing firms are listed all banks conveyancing panel. Do make the most of our search tool to locate a Wargrave conveyancing firm on the on the bank panel.

My stepmother informed me that in purchasing a property in Wargrave there could be various restrictions preventing external changes to the property. Is this right?

We are aware of a number of properties in Wargrave which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Wargrave should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Barclays have agreed my home loan in principle, my offer on a flat in Wargrave has been accepted, now what?

The estate agent will need to be informed of your solicitor's details (make sure the property lawyers are on the lender’s approved list). Telephone Barclays or the financial adviser and finish off any appropriate forms. Barclays will sellect a valuer who will get in touch with the selling agent or owners to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Barclays will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Wargrave.

Our offer on a property in Wargrave has been accepted, but there is a chain. The sellers have put an offer on somewhere, however it’s not been accepted yet, and are looking at other apartments booked. I have chosen a high street conveyancing solicitor in Wargrave. What should be my next step? When should I get the mortgage application with Bank of Ireland started?

It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then valuation, Wargrave conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the Bank of Ireland approved list. As to the subsequent stages this very much depends on the circumstances of your case, attraction to this property and on the state of the market. In a rising market many buyers will apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it comes back ok would they pay their property lawyer to proceed with the conveyancing in Wargrave.

About to purchase a new build apartment in Wargrave. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Wargrave

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

How do I locate a Wargrave solicitor on the Clydesdale conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the lawyer.

You can use the search on this page. Please pick a mortgage company and your location and you will see a number of Wargrave conveyancing lawyers located nearest you. We have listed some Wargrave conveyancing firms towards the end of this page and you can call them to see whether they are on the Clydesdale panel