We have rather assertive vendors who has suggested a exclusivity agreement with a deposit 6,000. Is it wise to enter into such agreements?
This form of arrangement is not the norm in Alnmouth, conveyancers will often try and steer clients away from them as they detract from focusing on the primary objective, namely conveyancing and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. In addition, there is no assurance that just because the seller has signed a lock out contract they will sell to you. They may be in contravention of the agreement if they receive a big enough incentive to do so because a wronged purchaser with the benefit of a exclusivity agreement will still be legally obliged to establish consequential losses from the breach and these may not compare to the extra amount that the owner may secure by breaking the agreement, no matter how morally shameful the behaviour is.
Do the Building Society Association intend to launch a online directory to list firms on the Loughborough BS conveyancing panel for example in Alnmouth?
We are not aware of any plans on the part of the BSA to promote such a search facility.
We are buying a apartment in Alnmouth. I might seem paranoid but how we can trust a lawyer? At some point we will need to send our life savings into their account. What is the protection we have from them run away with our money?
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.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Alnmouth?
There are many registered licenced Conveyancers in Alnmouth and Solicitor partnerships in Alnmouth who can assist with your conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I have instructed a Alnmouth conveyancing practitioner having made sure that they are on the Bank of Ireland conveyancing panel. Does my lawyer arrange the survey of the property?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Alnmouth postcode. As you are getting a mortgage with Bank of Ireland, you could contact them to see if they have a list of approved surveyors in Alnmouth.
The deeds to my house can not be found. The conveyancers who did the conveyancing in Alnmouth 10 years ago are no longer around. What are my next steps?
You no longer need to have the physical deeds to prove you own the land or premises, given that the Land Registry have everything they need in a digital format.
We're new to the buying process - had an offer accepted, yet the selling agent advised that the owners will only proceed if we appoint their recommended lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Alnmouth
It is highly unlikely the sellers are driving this. If they desire ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Contact the owners directly and explain that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Alnmouth conveyancing firm - rather thanthose that will provide their estate agent a kickback or hit his conveyancing thresholds pre-set by HQ.