My wife and I are due to complete on the purchase of a house in Chinatown but as a consequence of damage from some water damage at the property I have was able negotiate reparation from the vendor in the sum of £2k in the form of a deduction in the price. This was going to be dealt with as part of a side agreement however Bank of Ireland will not permit this. Should they have been informed?
Any lawyer being on the Bank of Ireland approved list is required to inform Bank of Ireland of any changes to the sale price. If you prohibit your lawyer to report the reduction to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new property lawyer for your conveyancing in Chinatown.
At what point does exchange of contracts take place for residential conveyancing in Chinatown and am I required to attend the lawyers branch?
If you are round the corner to our conveyancing solicitors in Chinatown you are invited in to sign documents. That being said, the firms we recommend supply a national conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the point of no return. A signed contract is necessary for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chinatown)to be in the office available at the end of the phone to exchange contracts.
I have recentlyfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Chinatown for a purchase of a freehold house 12 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chinatown conveyancing specialists.
I opted to have a survey carried out on a property in Chinatown in advance of appointing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some banks will not give a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chinatown. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are wishing to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Chinatown for below 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Chinatown, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. As for the fees these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your details or phone us so that we may supply you with a detailed commercial conveyancing calculation.
My step-father has suggested that I appoint his lawyers for conveyancing in Chinatown. Do I follow his advice?
Much as we are happy to recommend a Chinatown conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to have guidance from friends or family who have actually previously instructed the firm that you are considering.