We have rather pushy sellers who has insisted on a exclusivity agreement with a down payment 10k. Are such agreements sensible?
Lock out agreements are contracts between a home owner and purchaser giving the buyer a ‘clear field’ to the sale of the property for a limited period of time. Essentially, a lock out agreement is a contract specifying that you should receive a contract at a later date which is the main conveyancing contract. It tends to be used for buyer protection though in some cases, the vendor may stand to benefit from such agreements as well. There are numerous positives and negatives to using them but you need to check with your lawyer but note that it may end up incurring more in conveyancing charges. For this these contracts are not popular when it comes to conveyancing in Allenton.
Me and my partner are purchasing a flat in Allenton. I might seem paranoid but how we can trust a solicitor? At some point we will need to put funds 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.
Taking into account that I will soon part with 450k on 3 bedroom house in Allenton I wish to have a conversation with the conveyancer concerning thehouse move ahead of appointing the firm. Is this something that you can arrange?
Absolutely - we would be happy to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in Allenton.There is no ‘factory style conveyancing’ - every client is an important individual, not a file number. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Allenton should be the amount on the final invoice that you end up paying.