We have rather brash sellers who has insisted on a exclusivity agreement with a payment 6,000. Is it wise to enter into such agreements?
There are two primary downsides with signing a lock out contract (also termed a no-shop agreement) is that it takes away the focus from making progress with the conveyancing work, so unless it requires limited or no negotiation then it may turn out to be unhelpful. It is not strongly advocated by Havering-atte-Bower conveyancing solicitors as a result. A supplemental issue is the extent of the remedies available - a jilted purchaser is not likely to be granted an injunction to prevent the vendor disposing of the property to another buyer, so the only remedy open via the contract will be the recovery of wasted costs and, in restricted circumstances, the extra payment of penalties.
Completed the sale of my flat in Havering-atte-Bower last September yet the purchaser is whats apping daily to say his lawyer needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Post completion of your sale your lawyer is duty bound to deliver the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor should also evidence that the legal charge in favour of the lender has been discharged to the purchasers lawyers. There is unlikely to be post completion formalities unique to conveyancing in Havering-atte-Bower.
Despite weeks of looking the Title Certificate and documents to our property are lost. The lawyers who dealt with the conveyancing in Havering-atte-Bower 4 years ago have long since closed. What are my next steps?
As long as you have a registered title the information relating to your proprietorship will be recorded by HMLR with a Title Number. It is easy to conduct a search at the Land Registry, identify your property and order up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
Due to the input of my in-laws I had a survey completed on a house in Havering-atte-Bower ahead of retaining solicitors. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks may refuse to give a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Havering-atte-Bower. Conveyancing may be slightly more expensive based on your lender's requirements.
In searching the world wide web for the term on line conveyancing in Havering-atte-Bower it shows results of numerous property lawyersin the vicinity. How do I determine which is the right conveyancing solicitor for me?
The preferential way of seeking the right conveyancer is through a trusted testimonial, so enquire of colleagues and those you trust who have acquired a property in Havering-atte-Bower or a respected estate agent or financial adviser. Charges for conveyancing in Havering-atte-Bower vary, so it's a good idea to request a minimum of four fee calculations from varying types of solicitors. Be sure to secure confirmation that the fees are fixed.
After months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Havering-atte-Bower. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Havering-atte-Bower conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Havering-atte-Bower property is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case was in relation to 1 flat. The remaining number of years on the lease was 57.5 years.
What makes a Havering-atte-Bower lease problematic?
There is nothing unique about leasehold conveyancing in Havering-atte-Bower. All leases are unique and drafting errors can result in certain provisions are erroneous. For example, if your lease is missing any of the following, it could be defective:
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A provision for the recovery of money spent for the benefit of another party. A duty to insure the building
You may have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Bank of Scotland, and TSB all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the buyer to withdraw.