The owners have rather brash sellers who has recommended a exclusivity agreement with a down payment 6,000. Is it wise to enter into such agreements?
This type of arrangement is unusual in Wirral, conveyancers will often encourage clients away from them as they detract from the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no certainty that just because the owner has executed a lock out contract they will sell to you. They may be inclined to break the agreement if they receive sufficient offer to do so because a wronged purchaser with the benefit of a exclusivitycontract will still be legally obliged to establish consequential losses from the breach and these may not equate the extra amount that the owner may obtain by reneging on the contract, no matter how morally unworthy the behaviour is.
My property lawyer in Wirral is not on the Barnsley Building Society Solicitor Panel. Can I still use my family solicitor notwithstanding that they are excluded from the Barnsley Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your existing Wirral solicitors but Barnsley Building Society will need to use a solicitor on their panel. This will inevitably rack up the total legal charges and result in frustration.
- Find a new practitioner to act in the conveyancing, obviously checking they are Barnsley Building Society approved.
- Try to convince your Barnsley Building Society based solicitor to seek to join the Barnsley Building Society panel
We are buying a apartment in Wirral. I might seem paranoid but how we can trust a conveyancer? At some point we have to put our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can you point me to a directory of Bank of Ireland panel solicitors in Wirral on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings open the public online. Where you are in need of a Wirral conveyancer on the Bank of Ireland please use our tool.
My husband and I have arranged the release of further funds on our mortgage from Nottingham as we intend to conduct a loft conversion to our house in Wirral. Are we obliged to appoint a nearby Wirral solicitor on the Nottingham conveyancing panel to deal with the paperwork?
Nottingham would not normally instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
How does conveyancing in Wirral differ for newly converted properties?
Most buyers of new build property in Wirral contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because developers in Wirral usually buy the site, 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 conveyancing solicitors 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 Wirral or who has acted in the same development.
The estate agent has recommended their solicitor for my conveyancing in Wirral - Surely it’s easier to just instruct them?
You need to establish if the selling agent is recommending a solicitor or introducing to a solicitor. There are plenty of Wirral estate agents who recommend two or three Wirral conveyancing firms purely based on those lawyers offering a great service.