The owners have very assertive sellers who has insisted on a preliminary agreement with a non-refundable deposit 10k. Are such agreements sensible?
There are a couple of main downsides with signing a lock out agreement (also referred to as an exclusivity agreement) is that it diverts attention away from making progress with the conveyancing work, so in the absence of it needing minimal or no negotiation then it may transpire to be unhelpful. It is not strongly advocated amongst Dover conveyancing lawyers for this reason. A further concern is the extent of the remedies available - an aggrieved buyer is extremely unlikely to be granted an injunction to prohibit the owner selling to an alternative purchaser, so the only remedy available under the agreement will be the reimbursement of wasted costs and, in rare scenarios, the extra payment of penalties.
Do lenders provide you with an approved list of Dover conveyancing solicitors? How do you know who is on the Aldermore conveyancing panel?
Dover conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
five months have elapsed since my purchase conveyancing in Dover took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. 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.
Do I need to be concerned that brokers that I am dealing with are recommending an online conveyancing firm rather than a High Street Dover conveyancing company?
As with lots of professional services, often recommendations from connections can be extremely useful or valuable. But there are lots of parties with a keen interest in a conveyancing transaction; estate agents, financial adviser and mortgage companies may recommend lawyers to retain. Sometimes these lawyers might be known to one of the organisations as being good in their field, but sometimes there may be a financial incentive behind the recommendation. You are free to select your own conveyancer. Don't forget that the majority of banks specify a panel list of lawyers you are obliged to use for the mortgage related work in your transaction.
I am using a search engine for the term on line conveyancing in Dover it shows results of numerous property lawyersin the area. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?
The best way of seeking a suitable conveyancer is via personal referral, so ask friends and those you trust who have acquired a property in Dover or the respected estate agent or financial adviser. Charges for conveyancing in Dover differ, so it's sensible to secure at least four quotes from varying types of law firms. Be sure to seek confirmation that the charges are assured not to escalate.
Having checked my lease I have discovered that there are only 62 years remaining on my flat in Dover. I now want to get lease extension but my freeholder is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to find the freeholder. On the whole an enquiry agent would be helpful to conduct investigations and to produce a report which can be accepted by the court as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the application to the County Court covering Dover.
I own a 1st floor flat in Dover, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Dover with a long lease are worth £179,000. The average or mid-range amount of ground rent is £65 per annum. The lease finishes on 21st October 2083
With just 57 years remaining on your lease we estimate the price of your lease extension to be between £26,600 and £30,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.