We have very brash sellers who has suggested a preliminary contract with a non-refundable deposit 10k. Is it wise to enter into such agreements?
This type of agreement is not the norm in Burslem, conveyancers will often encourage clients away from them as they divert attention from the main conveyancing focus and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the proprietor has signed a lock out agreement they will sell to you. They may be inclined to break the agreement if they are offered sufficient financial inducement to do so because an aggrieved purchaser with the benefit of a lockout agreement will still be legally obliged to show losses as a consequence of the breach and this may not compare to the financial benefit that your seller may obtain by breaching the contract, however morally unworthy it undoubtedly is.
We see that you have a search directory listing law firms on the Kent Reliance conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Burslem?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Burslem.
I have been on the look out for a flat up to £305k and identified one close by in Burslem I like with open areas and station nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Burslem for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Given that I am about to spend over three hundred thousand on a property in Burslem I wish to have a conversation with the lawyer concerning thehome move ahead of giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you speaking to the solicitor due to be doing your property ownership legalities in Burslem.There is no ‘factory style conveyancing’ - each client is unique person, not a matter reference. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Burslem should be the amount on the final invoice that you are charged.
I need to find a conveyancing solicitor for remortgage conveyancing in Burslem. I have land on a site which looks to be the perfect answer If it is possible to get all the legals done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
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?
My solicitors in Burslem have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the bank. Is it case that being on the lender conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.