The vendors of the property we are hoping to buy have instructed a conveyancing firm in Lambeth who has suggested a lock out agreement with a down payment 6,000. Is it wise to enter into such agreements?
There are two main concerns with entering into any lock out contract (sometimes known as a shut-out contract) is that it can distract from moving forward with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it could transpire to be a cause of frustration and delay. It is not promoted by Lambeth conveyancing solicitors for this reason. The other main negative is the extent of the remedies available - an aggrieved purchaser should not expect to obtain an injunction to stop the owner completing the sale to a third party, so the only remedy open via the contract will be the recovery of abortive costs and, in rare circumstances, the additional payment of damages.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Lambeth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Lambeth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Lambeth is where the house is located. Is there any advice you can impart?
Flying freeholds in Lambeth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lambeth you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lambeth may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Taking into account that I will soon part with £400,000 on a house in Lambeth I wish to have a conversation with the lawyer concerning thehouse move in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you first talking to the lawyer who will be conducting your property ownership legalities in Lambeth.There is no ‘factory style conveyancing’ - each client is an important individual, not a file reference. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Lambeth should be the figure that you end up paying.
As co-executor for the estate of my grandfather I am disposing of a house in Swansea but reside in Lambeth. My solicitor (based 235 miles awayhas requested that I sign a statutory declaration prior to completion. Can you recommend a conveyancing solicitor in Lambeth who can witness this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are based in Lambeth
If instructed can a conveyancer remove a person from the title of my home in Lambeth ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer