I chose a local firm for my conveyancing in Totterdown recently. Reviewing the terms of engagement I seeI am on the hook for costs even where the transaction does not complete. Would I be best advised to appoint an on-line conveyancing brokerage advertising no completion no charge conveyancing in Totterdown?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the conveyancing charges will generally be uplifted to neutralise the cases that abort. Do bear in mind that such deals generally do not protect you from outlay for instance Totterdown conveyancing search expenses.
The sellers of the home we are purchasing have appointed a conveyancing firm in Totterdown who has insisted on a exclusivity agreement with a payment of 5k. Are such arrangements promoted for Totterdown conveyancing transactions?
There are two primary drawbacks with executing a lock out contract (also referred to as a no-shop agreement) is that it takes away the focus from progressing with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it may transpire to be unhelpful. It is not promoted amongst Totterdown conveyancing lawyers as a result. A further concern is the extent of the remedies available - a jilted purchaser is very unlikely to secure an injunction to bar the owner disposing of the property to a third party, so the only remedy open via the contract will be the reimbursement of wasted charges and, in restricted situations, the extra payment of penalties.
It is 10 years ago since I bought my house in Totterdown. Conveyancing lawyers have recently been instructed on the sale but I am unable to locate my title deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be retained by your lender or they may be in the possession of the conveyancers who handled the purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Totterdown involves registered property but in the rare situation where your home is unregistered it is more of a problem but is resolvable.
A relative suggested that if I am purchasing in Totterdown I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Totterdown conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Totterdown around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Totterdown Education with maps and statistics, Local Amenities and other useful information concerning Totterdown.
About to purchase a new build apartment in Totterdown. Conveyancing is daunting 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 is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Totterdown
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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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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.
As co-executor for the will of my grandfather I am disposing of a residence in Newport but I am based in Totterdown. My conveyancer (approximately 250 kilometers awayrequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in Totterdown to witness this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are located in Totterdown