The owners have very assertive sellers who has insisted on a exclusivity contract with a payment two thousand pounds. Is it wise to enter into such agreements?
There are two main drawbacks with entering into any lock out agreement (sometimes known as a no-shop agreement) is that it can distract from making progress with the conveyancing process, so unless it requires little or no negotiation then it may transpire to be a cause of frustration and delay. It is not strongly advocated amongst Stanstead Abbotts conveyancing lawyers for this reason. A further negative is the extent of the remedies available - an aggrieved buyer is not likely to win an injunctive ruling by a court to bar the vendor selling to another buyer, so the only remedy open via the agreement will be the recovery of wasted costs and, in restricted situations, the extra payment of damages.
Completed the sale of my flat in Stanstead Abbotts last March but the buyer keeps e-mailing daily complaining that her conveyancer is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your lawyer is committed to forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also send confirmation that the mortgage has been paid off to the purchasers lawyers. There are no post completion steps unique to conveyancing in Stanstead Abbotts.
3 months have gone by since my purchase conveyancing in Stanstead Abbotts took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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.
I opted to have a survey completed on a house in Stanstead Abbotts before retaining solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks will refuse to grant a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stanstead Abbotts. Conveyancing will be smoother if you use a solicitor in Stanstead Abbotts especially if they are acquainted with such properties in Stanstead Abbotts.
Is it possible to transfer to a new solicitor as I need to choose a firm on the Virgin Money conveyancing list. I instructed a high street conveyancing solicitor in Stanstead Abbotts round the corner but the firm is not approved by Virgin Money
It would be our pleasure to assist you select a conveyancing solicitor in Stanstead Abbotts on the Virgin Money panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Stanstead Abbotts. In utilising the find a conveyancing solicitor tool on this website, you can scrutinise fees for conveyancing solicitors in Stanstead Abbotts and throughout England and Wales.
My husband and I are planning to purchase a three bedroom ground floor flatin Stanstead Abbotts with a mortgage from a mortgage company. We have selected a conveyancer in Stanstead Abbotts yet our lender inform us now that she’s not on their "panel". It seems we have little choice but to instruct one of the our bank panel solicitors or keep our Stanstead Abbotts solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage company home loan issued is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most banks had open panels, including most conveyancing solicitors in Stanstead Abbotts : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your bank.