The vendors of the house we are looking to purchase are using a conveyancing firm in Grasmere who has suggested a preliminary contract with a deposit 10k. Are such contracts appropriate for Grasmere conveyancing transactions?
This type of agreement is not the norm in Grasmere, conveyancers will often encourage clients away from them as they detract from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the solicitor is left exposed. Furthermore, there is no guarantee that just because the seller has entered into an exclusivity agreement they will sell to you. They may be in contravention of the contract if they receive a big enough incentive to do so because a wronged claimant with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and these may not compare to the financial benefit that your vendor may gain by breaching the contract, no matter how morally condemnable the behaviour is.
In what way does my ID and proof of funds have anything to do with my conveyancing in Grasmere? What am I being asked for?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Grasmere. Nowadays you can not proceed with any conveyancing transaction without first providing evidence of your identity. This usually takes the form of a either your passport or driving licence as well as a bank statement. Please note that if you are providing your driving licence as evidence of identification it must be both the paper section and photo card part, one is not sufficient without the other.
Verification of your source of funds is required under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer will need to retain this information on file. Your Grasmere conveyancing solicitor will require evidence of proof of funds prior to accepting any funds from you into their client account and they will also ask further questions concerning the origin of funds.
We are purchasing a property and the lawyer has identified Chancel Repair for which the house could be liable because it falls into the area of such a church. She has mentioned insurance. Is this really necessary for conveyancing in Grasmere
Unless a previous purchase of the property took place after 12 October 2013 you can expect conveyancing practitioners conducting conveyancing in Grasmere to remain recommending a chancel search and or chancel repair liability insurance.
Just had an offer accepted on a new build flat in Grasmere. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Grasmere
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Grasmere I like with a park and station in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Grasmere for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
My partner and I are are looking to find an affordable conveyancing solicitor in Grasmere to help me sell my apartment. I want to avoid being ripped off but with so many Grasmere conveyancing solicitors to pick from...who's the best?
An independent personal recommendation from someone who has used a conveyancing lawyer before is always a good thing. Almost everyone has used a conveyancing lawyer at some point. Feel free to use our tool to compare Grasmere conveyancing quotes