The vendors of the house we are purchasing have appointed a conveyancing solicitor in Machen who has recommended a preliminary contract with a non-refundable deposit of 5k. Is it wise to enter into such agreements?
This type of contract is unusual in Machen, conveyancers are often found to direct clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no guarantee that just because the proprietor has entered into a lock out agreement they will sell to you. They may be in contravention of the agreement if they are offered a big enough offer to do so because an aggrieved party with the benefit of a exclusivity agreement will still have to show losses as a consequence of the breach and these may not amount to the extra amount that your vendor may gain by breaching the contract, however morally unworthy the behaviour is.
Finally the sale completed on my house in Machen last August yet the purchaser is Skype messaging every few hours to moan that their conveyancer needs to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your disposal your lawyer should deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where relevant, your lawyer must also evidence that the mortgage has been redeemed to the purchasers solicitors. There is unlikely to be post completion procedures unique to conveyancing in Machen.
Me and my partner are buying a house in Machen. I might seem paranoid but how we can trust a lawyer? At some point we will need to send funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am assisting my niece sell her flat in Machen. Does the conveyancing solicitor order the energy performance certificate or it is for the owner to coordinate?
Following the demise of Home Information Packs, energy assessments was left as a mandatory element of selling a house. An energy performance certificate should be to hand in advance of the property being advertised. It is not something that law firms normally arrange. Where you are instructing a Machen conveyancing lawyer they may be able to arrange energy performance certificates due to their contacts with long established Machen assessors
My bid for a property was accepted at auction in Machen. Conveyancing is required. What happens now?
Having exchanged you must find a conveyancing lawyer soon as you will have a pending deadline in which to complete the purchase. Every auction property should have a corresponding auction pack. This should include evidence of title and search results. If you have purchased leasehold premises the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must hand this to the solicitor instructed by you ASAP. Do make sure that that you have the requisite funding organised to complete on the on the contractual date .
It has been 2 months following my purchase conveyancing in Machen took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a quick, no chain conveyancing. Machen is where the house is located. What do you suggest?
Flying freeholds in Machen are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Machen you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Machen may determine 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 property.
Been looking for a lawyer for freehold sale conveyancing in Machen. We are selling, uncomplicated no mortgage to redeem, no rush, no onward purchase. Had an estimate from a property lawyer for nine hundred pounds excluding VAT which is a tad expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Machen?
Given that it’s a sale only, £500 + VAT would be about the lowest for sale conveyancing in Machen.