The vendors of the house we are hoping to buy hired a conveyancing practitioner in Denbigh who has insisted on a exclusivity contract with a down payment 10k. Are such agreements the norm for Denbigh conveyancing transactions?
There are two primary concerns with executing a lock out agreement (occasionally termed a shut-out contract) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it could transpire to be a hindrance. It is not strongly advocated amongst Denbigh conveyancing practitioners as a result. The other main issue is the extent of the remedies available - an aggrieved purchaser is extremely unlikely to secure injunctive relief to prevent the owner selling to an alternative purchaser, so the only remedy open via the contract will be the recovery of wasted costs and, in limited scenarios, the additional payment of penalties.
Can I use your services to find a Conveyancing solicitor in Denbigh even where I’m not purchasing or disposing of a house, for example where I want to buy a shop in Denbigh with a loan from ?
Our search tool is predominantly used to locate domestic conveyancing solicitors in Denbigh but we have recorded at the end of this page a few Denbigh commercial conveyancing firms. You will need to make contact with the company directly to see if they are also authorised to represent
Various internet forums that I have visited warn that are a common reason for delay in Denbigh conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Denbigh.