The owners have rather pushy sellers who has insisted on a exclusivity contract with a deposit 6,000. Are such agreements promoted for Highworth conveyancing transactions?
There are a couple of primary drawbacks with executing a lock out contract (also referred to as 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 could transpire to be unhelpful. It is not strongly advocated amongst Highworth conveyancing lawyers as a result. The other main negative is the extent of the remedies available - an aggrieved purchaser should not expect to obtain an injunctive ruling by a court to prevent the seller completing the sale 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 damages.
My house in Highworth is up for sale and I have accepted an offer. Does the lawyer need to be required to be on the Bank of Ireland conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
It has been four months following my purchase conveyancing in Highworth concluded. I have checked the Land Registry site which shows that I paid £200,000 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Highworth is where the house is located. Can you offer any guidance?
Flying freeholds in Highworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Highworth you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Highworth may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
As co-executor for the will of my grandmother I am disposing of a property in Cardiff but live in Highworth. My solicitor (who is 300 miles awayneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing lawyer in Highworth to witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Highworth
My sister purchased her house in Highworth in 2007. She has been married, divorced and in recent months got married again. She now wishes to dispose of the Highworth property. I think she will simply be need to provide a copy of her marriage certificates to the property lawyer but she is concerned it could frustrate the house sale. Should she appoint a property lawyer to update the Land Registry information for the property?
The is no need to update the register on the basis that you have the proof required to show how the name change occurred.
Any purchaser’s solicitor should review the title entries and ask for evidence to establish the name change e.g. marriage documentation.