The sellers of the home we are purchasing are using a conveyancing solicitor in Gants Hill who has insisted on a preliminary agreement with a down payment 10k. Are such agreements the norm for Gants Hill conveyancing transactions?
Exclusivity contracts are contracts binding a home owner and purchaser giving the buyer the sole right to the sale of the premises within an agreed time frame. For all intents and purposes, a lock out is a document specifying that you should be issued with a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer confidence though in many situations, the vendor may stand to benefit from such agreements as well. There are numerous positives and negatives to using an agreement but you should to check with your lawyer but note that it may result in costing you more in conveyancing charges. For this these agreements are rare when it comes to conveyancing in Gants Hill.
Do lenders provide you with an approved list of Gants Hill conveyancing solicitors? How do you know who is on the RBS conveyancing panel?
Gants Hill conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
I have been told that property searches are the number one reason for obstruction in Gants Hill conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Gants Hill.
I am looking for a leasehold apartment up to £235,500 and found one close by in Gants Hill I like with a park and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Gants Hill suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I need to retain a conveyancing solicitor for my conveyancing in Gants Hill. I happened to chance upon a site which appears to be the ideal solution If it is possible to get all formalities done via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?