We have very brash sellers who has suggested a preliminary contract with a down payment of 5k. Are such agreements sensible?
There are a couple of main concerns with executing a lock out contract (sometimes termed an exclusivity agreement) is that it can distract from progressing with the conveyancing work, so in the absence of it needing limited or no negotiation then it may transpire to be a cause of frustration and delay. It is not particularly popular by Binfield conveyancing lawyers for this reason. The other main issue is the extent of the remedies available - a jilted buyer is not likely to obtain an injunction to prevent the owner disposing of the property to an alternative purchaser, so the only remedy open via the contract will be the recovery of abortive charges and, in restricted circumstances, the additional payment of damages.
How do I discover of the solicitor handling my conveyancing in Binfield is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus paying £175.00 in further legal costs.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the lender and type ‘Binfield’ or your location and you will see numerous conveyancers located in Binfield or by proximity to you.
I am selling our house in Binfield and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers used a national conveyancing firm as opposed to a conveyancing solicitor in Binfield. Having lived in Binfield for six years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am a sole trader wishing to lease a unit on the high street. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Binfield for under 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Binfield, including the disposal and purchase of businesses as well as simply premises. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the charges these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or call so as to enable us to furnish you with a detailed commercial conveyancing quote.
My cousin has urged me to appoint his conveyancing solicitors in Binfield. Do I take his advice?
No doubt it’s preferable to find a conveyancing solicitor is to have referrals from friends or relatives who have used the firm that you are contemplating using.
I am hoping to sign contracts shortly on a leasehold property in Binfield. Conveyancing solicitors assured me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Binfield should include some of the following:
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Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. What remedies are open the freeholder should you are in breach of your lease terms? Additions to the flat Whether your lease has a provision for a reserve fund?
I acquired a 1st floor flat in Binfield, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Binfield with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2099
With only 75 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.