The owners of the home we are purchasing have appointed a conveyancing solicitor in Greenwich who has recommended a lock out agreement with a down payment 6,000. Are such agreements sensible?
There are a couple of main concerns with executing a lock out agreement (sometimes referred to as a shut-out contract) is that it diverts attention away from progressing with the conveyancing process, so in the absence of it needing limited or no negotiation then it may turn out to be unhelpful. It is not promoted amongst Greenwich conveyancing practitioners as a result. The other main negative is the extent of the remedies available - an aggrieved buyer is very unlikely to be granted injunctive relief to prevent the vendor selling to a third party, so the only remedy open via the agreement will be the recovery of abortive charges and, in rare situations, the extra payment of damages.
My wife and I are downsizing from our house in Greenwich and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Greenwich lawyer would know that there is no such problem. It does beg the question why the buyers instructed a nationwide conveyancing firm as opposed to a conveyancing solicitor in Greenwich. Having lived in Greenwich for six years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The deeds to my property can not be found. The solicitors who did the conveyancing in Greenwich 5 years ago no longer exist. Will I be able to sell the house?
You no longer need to hold title official documentation to evidence that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
I am buying a new build house in Greenwich with a mortgage from Skipton Building Society. The builders would not budge the amount so I negotiated 6k of extras instead. The sale representative told me not inform my conveyancer about the deal as it could jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am downsizing from my home. My former conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Greenwich if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Greenwich. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
As co-executor for the estate of my father I am disposing of a property in Swansea but reside in Greenwich. My conveyancer (based 260 kilometers awayrequires that I sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Greenwich who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Greenwich based