The owners have rather brash vendors who has recommended a lock out contract with a non-refundable deposit of 5k. Are such agreements promoted for Dunholme conveyancing transactions?
There are two primary drawbacks with entering into any lock out contract (occasionally referred to as a no-shop agreement) is that it can distract from moving forward with the conveyancing work, so unless it requires minimal or no negotiation then it may turn out to be a cause of frustration and delay. It is not strongly advocated by Dunholme conveyancing solicitors as a result. The other main issue is the extent of the remedies available - an aggrieved purchaser is not likely to win injunctive relief to stop the seller disposing of the property to another buyer, so the only remedy open via the agreement will be the reimbursement of abortive costs and, in rare scenarios, the extra payment of penalties.
We are planning on selling our house in Dunholme and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Dunholme. We have lived in Dunholme for many years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should check with 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 life insurance to cover that same ailment)
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Dunholme for a purchase of a leasehold flat 10 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to check if the property is registered to you, you can make 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 Dunholme conveyancing specialists.
Just had an offer accepted on a new build apartment in Dunholme. Conveyancing is necessary evil 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 legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Dunholme
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Estate agents have just been given the go-ahead to market my garden flat in Dunholme. Conveyancing solicitors are to be appointed soon, but I have just had a quarterly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual because all ground rent and maintenance invoices should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a split level flat in Dunholme, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Dunholme with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease expires on 21st October 2099
You have 75 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
Should I stop the direct debit for my mortgage with TSB as soon as a completion date for my sale in Dunholme has been set?
No, you should continue meeting any mortgage sums to TSB until the mortgage is repaid out of the proceeds of sale as part of your Dunholme conveyancing.