I went with a Histon based firm for my conveyancing in Histon yesterday. Going through the terms of engagement I notewe are responsible for costs even if our purchase aborts. Should I ditch them and instruct a web based conveyancing company promising no completion no cost conveyancing in Histon?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will tend to be be more expensive to neutralise those conveyances that do not proceed. You should be mindful that such schemes rarely cover disbursements for example Histon conveyancing search charges.
The owners have very assertive sellers who has recommended a lock out agreement with a non-refundable deposit 6,000. Are such arrangements the norm for Histon conveyancing transactions?
Lock out agreements are contracts between a home vendor and purchaser giving the buyer exclusive rights to the sale of the premises for a limited period of time. For all intents and purposes, an exclusivity is a document stating that you should have a contract at a later time which is the main conveyancing contract. It tends to be used for buyer assurance though in many situations, the vendor may enjoy an upside from such agreements as well. There are various positives and negatives to using an agreement but you need to check with your solicitor but beware that it may result in incurring extra in conveyancing charges. In light of these reasons these agreements are not popular when it comes to conveyancing in Histon.
I used Arc property Solicitors a few years past for my conveyancing in Histon. I now require my file but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Histon of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Histon. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Histon
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan.
I need to retain a conveyancing solicitor for my conveyancing in Histon. I've land on a site which appears to be the ideal solution If there is a chance to get all formalities done via phone that would be ideal. Do I need to be wary? What should out be looking out for?
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?
My husband and I have an offer in principle from Bank of Scotland who suggested we could borrow up to £350k. When do I need to instruct a lawyer for conveyancing? Histon is where we plan to move to.
You can instruct a conveyancer now so that the conveyancing practitioner can open the file so they can do the AML checks etc. Once you wish them to start work you will be asked for a payment on account usually approximately £175. That would generally be after you have the loan offer from the lender and valuation results, but should you want to expedite matters you can start the ball rolling sooner albeit risking some money.