The owners of the house we are purchasing have appointed a conveyancing solicitor in Colliers Wood who has recommended a lock out contract with a down payment 10k. Is it wise to enter into such agreements?
There are two primary drawbacks with entering into any lock out agreement (occasionally termed a no-shop agreement) is that it can distract from progressing with the conveyancing work, so in the absence of it needing limited or no negotiation then it may transpire to be a cause of frustration and delay. It is not strongly advocated amongst Colliers Wood conveyancing solicitors as a result. A supplemental negative is the extent of the remedies available - an aggrieved purchaser is very unlikely to win an injunction to prohibit the vendor disposing of the property to an alternative purchaser, so the only remedy available under the contract will be the reimbursement of abortive costs and, in restricted scenarios, the additional payment of penalties.
I need some expedited conveyancing in Colliers Wood as I am faced with a deadline to sign on the dotted line within one month. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are are a cash purchaser you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Colliers Wood the following are examples of what can crop up and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
My wife and I own a renovated Edwardian property in Colliers Wood. Conveyancing solicitor acted for me and Bank of Ireland. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Colliers Wood and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the conveyancing.
I need to appoint a conveyancing solicitor for residential conveyancing in Colliers Wood. I happened to stumble upon a web site which seems to have the ideal solution If it is possible to get all this stuff completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What advice can you give us when it comes to choosing a Colliers Wood conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Colliers Wood conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Colliers Wood conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
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How many lease extensions has the firm conducted in Colliers Wood in the last year? How experienced is the practice with lease extension legislation?
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Colliers Wood conveyancing firm to act on my behalf?
Most certainly. We can put you in touch with a Colliers Wood conveyancing firm who can help.
An example of a Lease Extension decision for a Colliers Wood premises is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case was in relation to 1 flat. The unexpired lease term was 62.94 years.
I require the services of a bank panel solicitor in Colliers Wood. Could you help me?
Unfortunately it’s not apparent why you need a Colliers Wood panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Colliers Wood are on their panel . If you do find such a firm in Colliers Wood not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site