The vendors of the property we are looking to purchase hired a conveyancing solicitor in Barbican who has suggested a exclusivity agreement with a down payment of 5k. Is it wise to enter into such agreements?
This form of preliminary agreement is not the norm in Barbican, conveyancers are often found to direct clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the lawyer is left exposed. In addition, there is no assurance that just because the proprietor has executed an exclusivity agreement they will complete the sale with you. They may be tempted to break the agreement if they are offered a big enough incentive to do so because a wronged claimant with the benefit of a lockout agreement will still be obliged show losses as a consequence of the breach and these may not equalise the extra amount that the owner may obtain by reneging on the contract, however morally unworthy the behaviour is.
Completed the sale of my flat in Barbican last July but the buyer keeps texting every few hours to say his solicitor needs to hear from mine. What are the post completion sale legalities now that I have sold?
Following your sale your conveyancer is committed to forward the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There are no post completion tasks peculiar conveyancing in Barbican.
We wanted to use a property lawyer in Barbican for our house move. Our financial adviser has since notified us that our bank HSBC Bank won't deal with them. Surely this is unfair competition?
A mortgage company will insist on an approved solicitor act for it. You would be expected to meet the charges for this. Do use our database to locate a solicitor to carry conveyancing in Barbican on the HSBC Bank approved list of solicitors.
Is it simple use the search facility to choose a conveyancing lawyer in Barbican on the authorised to act for my lender?
Step one is to choose a bank such as Birmingham Midshires, Chelsea Building Society or Clydesdale then specify your location for instance Barbican. Conveyancing practices in Barbican and further afield should be shown.
Can you offer any advice when it comes to choosing a Barbican conveyancing practice to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Barbican conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Barbican conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
How experienced is the practice with lease extension legislation?
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Barbican. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the price payable.
An example of a Lease Extension case for a Barbican residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The remaining number of years on the lease was 72.39 years.
What is the reason for my solicitor requiring a list of items of ID before I can proceed with my conveyancing in Barbican?
Barbican solicitors are obliged by the Law Society, Solicitors Regulation Authority, the Land Registry and current Money Laundering legislation to certify that the have verified the identity of their clients. It is also sometimes a condition of your bank if you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, NI number and date of birth.