Having been suggested to visit your company we were about to appoint conveyancing solicitor in Newcastle upon Tyne recommended by you but have come across some other quotes via the web look less pricey – why is this?
There are numerous websites advertising alleged £99 conveyancing, unfortunately it’s common in such cases for additionalfees end up with the completion invoice totally different to the one you expected. Solicitors ought to ensure fees contained in terms of business should be transparent and reasonable invoiced The solicitors that we list for conveyancing in Newcastle upon Tyne set out all charges for the property you intend tobuy.
The owners have very assertive vendors who has recommended a preliminary contract with a payment two thousand pounds. Is it wise to enter into such agreements?
This kind of preliminary agreement is unusual in Newcastle upon Tyne, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no certainty that just because the vendor has executed an exclusivity agreement they will sell to you. They may be tempted to break the contract if they receive sufficient financial inducement to do so because an aggrieved buyer with the benefit of a lockoutcontract will still be duty bound to show losses as a consequence of the breach and these may not compare to the extra amount that your vendor may obtain by reneging on the agreement, no matter how morally reprehensible it undoubtedly is.
How does conveyancing in Newcastle upon Tyne differ for new build properties?
Most buyers of new build residence in Newcastle upon Tyne contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Newcastle upon Tyne tend to purchase the land, 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 property lawyers 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 Newcastle upon Tyne or who has acted in the same development.