The sellers of the home we are looking to purchase are using a conveyancing practitioner in East and West Horsley who has suggested a exclusivity agreement with a payment of 5k. Is it wise to enter into such agreements?
This kind of arrangement isn't common in East and West Horsley, conveyancers are often found to veer clients away from them as they detract from focusing on the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no guarantee that just because the seller has executed a lock out contract they will complete the sale with you. They may be motivated to break the agreement if they are offered sufficient offer to do so because a wronged party with the benefit of a lockoutcontract will still be obliged establish consequential losses from the breach and this may not equalise the financial upside that your vendor may obtain by breaching the contract, no matter how morally condemnable that may be.
I can see plenty of information on this site regarding conveyancing in East and West Horsley but what is your top tip for choosing the right conveyancer in East and West Horsley
We would encourage you not to go for the lowest East and West Horsley conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am buying a property in East and West Horsley. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must follow the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and lawyers are required to report to Coventry BS where a lease fails to meet these conditions. The specifications relate to the installation of panels on properties countrywide and is not limited to East and West Horsley.
I have decided to exercise my right to buy my property in East and West Horsley off the council. I have a mortgage offer with Co-operative. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
It has been five months since my purchase conveyancing in East and West Horsley concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 residence 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 need to appoint a conveyancing solicitor for remortgage conveyancing in East and West Horsley. I have discover a web site which appears to be the ideal solution If it is possible to get all the legals completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
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?
Having checked my lease I have discovered that there are only Fifty years left on my lease in East and West Horsley. I am keen to extend my lease but my landlord is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application 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 Court. However, you will be required to prove that you or your lawyers have done all that could be expected to track down the lessor. In some cases an enquiry agent should be useful to conduct investigations and to produce an expert document which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the application to the County Court covering East and West Horsley.
I bought a 1st floor flat in East and West Horsley, conveyancing formalities finalised June 2006. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in East and West Horsley with a long lease are worth £211,000. The average or mid-range amount of ground rent is £50 per annum. The lease ends on 21st October 2094
You have 68 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. 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 want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.
We are about to complete buying a house in East and West Horsley but as a consequence of wreckage from the recent storms I have negotiated compensation from the owner of four thousand pounds by way of a adjustment in the price. This was going to be addressed as part of the conveyancing process however my bank will not permit this. Why were they involved?
The conveyancing practitioner being on the mortgage company conveyancing panel is obliged to advise the mortgage company of any variations to the purchase figure. If you did not allow your property lawyer to disclose the reduction to your bank then they would have to disinstructing themselves from representing you and the bank.