The vendors of the property we are purchasing have appointed a conveyancing practitioner in Shortlands who has suggested a preliminary contract with a payment 6,000. Are such agreements sensible?
This type of agreement is not the norm in Shortlands, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. Secondly, there is no certainty that just because the owner has signed a lock out agreement they will complete the sale with you. They may be tempted to break the agreement if they are offered a large enough offer to do so because an aggrieved purchaser with the benefit of a lockoutcontract will still be obliged show losses as a consequence of the breach and these may not amount to the financial benefit that your vendor may obtain by breaking the contract, however morally unworthy that may be.
I am buying a new build apartment in Shortlands. 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 conveyancing.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Shortlands
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are architect prepared. 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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I've recently found out 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. Shortlands is where the house is located. What do you suggest?
Flying freeholds in Shortlands are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shortlands you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shortlands may decide 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 premises.
How easy is it to change solicitor as I have to choose a firm on the TSB conveyancing list. I hired a high street conveyancing solicitor in Shortlands round the corner but he is not accepted by TSB
We will our best to assist in finding you a conveyancing solicitor in Shortlands on the TSB panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Shortlands. In making use of the find a conveyancing solicitor tool on this site, you can compare charges for conveyancing solicitors in Shortlands and beyond.
In scouring the web for the phrase cheap conveyancing in Shortlands it shows results of many conveyancerslocally. How do I determine which is the right conveyancer for purchase transaction?
The preferential method of seeking a suitable conveyancer is through a personal referral, so ask colleagues and family who have acquired a property in Shortlands or the local estate agent or financial adviser. Fees for conveyancing in Shortlands vary, so it's a good idea to secure at least three quotes from different conveyancers. Dont forget to clarify that the costs are assured not to to be inflated.
How and when do I cover the costs of the Stamp Duty Land Tax chargeable for my conveyancing in Shortlands?
The lawyer should fill out a stamp duty return on your behalf during your Shortlands conveyancing transaction for you to sign. On completion your conveyancing practitioner will submit your Land Transaction Return Form to the Inland Revenue and - assuming they have the funds - settle any land tax liability for you.