We have very brash sellers who has insisted on a preliminary agreement with a deposit 6,000. Is it wise to enter into such agreements?
Exclusivity contracts are agreements binding a property vendor and prospective acquirer granting the buyer exclusive rights to the sale of the premises within a prescribed time frame. For all intents and purposes, a lock out agreement is a contract stating that you will have a contract at a later time which is the contract for the actual sale. It tends to be used for buyer assurance though in some cases, the owner may stand to benefit from such agreements as well. There are numerous pros and cons to having them but you should to check with your solicitor but note that it may result in incurring extra in conveyancing charges. In light of this these contracts are unusual when it comes to conveyancing in Copse Hill.
Having sold my house in Copse Hill last March but my buyer keeps e-mailing daily to say their lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your disposal your lawyer is obliged to deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor must also evidence that the home loan has been paid off to the buyers lawyers. There are no post completion formalities peculiar conveyancing in Copse Hill.
Our bank has recommended solicitors on their panel based in Copse Hill but I would rather instruct a conveyancing lawyer in Copse Hill or nearer to where I live. Can you help?
The minority of Copse Hill conveyancing practitioners are listed all lender’s conveyancing panel. Please make the most of our search tool to choose a Copse Hill conveyancing conveyancer on the on the lender panel.
My wife and I are selling our property in Copse Hill and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Copse Hill conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing practice rather than a conveyancing solicitor in Copse Hill. We have lived in Copse Hill for six years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You need to enquire of 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)
About to purchase a new build flat in Copse Hill. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Copse Hill
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the encouragement of my in-laws I had a survey completed on a property in Copse Hill in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not issue a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Copse Hill. Conveyancing will be smoother if you use a solicitor in Copse Hill especially if they are accustomed to such properties in Copse Hill.