The owners have very pushy vendors who has insisted on a preliminary contract with a down payment of 5k. Are such arrangements promoted for Charterhouse conveyancing transactions?
This type of agreement isn't common in Charterhouse, conveyancers will often direct clients away from them as they divert attention from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no guarantee that just because the proprietor has entered into a lock out contract they will complete the sale with you. They may breach the contract if they are offered a big enough incentive to do so because a wronged party with the benefit of a lockout agreement will still have to show losses as a consequence of the breach and this may not equalise the extra amount that your vendor may secure by breaking the agreement, no matter how morally shameful that may be.
The Charterhouse conveyancing solicitors that just started acting on my house acquisition in Charterhouse have suddenly shut down. I chose them because I had to have a firm on the Leeds Building Society conveyancing panel and my family Charterhouse lawyer was not. I wrote them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Leeds Building Society conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
My wife and I are buying a property in Charterhouse. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to deposit our life savings into their account. What is the protection we have from them run away with our money?
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.
I am expecting a AIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Charterhouse solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Charterhouse solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
After what feels like an age I have had an offer on a maisonette in Charterhouse agreed to, the owners do however have an associated purchase. The sellers have offered on somewhere, however it’s not yet agreed to, and are looking at other apartments booked. I have chosen a local conveyancing solicitor in Charterhouse. What should be my next step? When do I get the mortgage application with Bank of Ireland started?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of £1k, then valuation, Charterhouse conveyancing search fees, etc). The first thing to do is ensure that your solicitor is on the Bank of Ireland approved list. Concerning the subsequent stages this very much depends on the uniqueness of your transaction, attraction to this property and on the state of the market. In a hot market many purchasers would apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they ask their lawyer to proceed with the conveyancing in Charterhouse.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Charterhouse is where the house is located. Is there any advice you can impart?
Flying freeholds in Charterhouse are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Charterhouse you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Charterhouse may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am a sole trader looking to take over a lease of an office on a shopping parade. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Charterhouse for under £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Charterhouse, including the sale and acquisition of businesses as well as simply property. If you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. Regarding the charges this will depend on the structure and nuances of the proposed transaction. Let us have your details or telephone so as to enable us to provide you with a detailed commercial conveyancing calculation.
When it comes to my conveyancing in Charterhouse should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Charterhouse conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the lawyer's time in submitting the funds this way.