The vendors of the house we are purchasing have appointed a conveyancing solicitor in Lyme Regis who has insisted on a preliminary contract with a non-refundable deposit of 5k. Are such arrangements generally advanced for Lyme Regis conveyancing transactions?
This form of agreement is not the norm in Lyme Regis, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. Furthermore, there is no guarantee that just because the seller has executed an exclusivity agreement they will sell to you. They may breach the agreement if they receive a big enough offer to do so because a wronged buyer with the benefit of a lockout agreement will still be obliged show losses as a consequence of the breach and this may not equalise the financial benefit that your seller may obtain by breaking the agreement, however morally condemnable that may be.
My friend advised me that if I am purchasing in Lyme Regis I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Lyme Regis conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Lyme Regis around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Lyme Regis.
In sourcing the world wide web for the words on line conveyancing in Lyme Regis it shows results of many conveyancersin the vicinity.With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?
The best method of finding a suitable conveyancer is via trusted referral, so ask colleagues and those you trust who have bought a property in Lyme Regis or the local estate agent or financial adviser.Charges for conveyancing in Lyme Regis differ, so it's advisable to obtain a minimum of three estimates from varying types of solicitors. Dont forget to clarify what costs in the quote includes.