We have very brash vendors who has suggested a exclusivity contract with a down payment of 5k. Are such agreements sensible?
This type of arrangement is not the norm in Knutsford, conveyancers will often encourage clients away from them as they detract from focusing on the primary objective, namely conveyancing and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Secondly, there is no assurance that just because the vendor has entered into an exclusivity contract they will complete the sale with you. They may be in contravention of the contract if they receive sufficient financial inducement to do so because a wronged buyer with the benefit of a exclusivitycontract will still have to show losses as a consequence of the breach and this may not equalise the financial benefit that your seller may gain by reneging on the agreement, no matter how morally shameful the behaviour is.
Our mortgage company has recommended a law firm on their panel based in Knutsford but I would rather instruct a conveyancing lawyer in Knutsford round the corner to me. Are you able to help?
It is by no means the case that all Knutsford conveyancing solicitors are on all lender’s conveyancing panel. Do make use of the above find an approved solicitor tool to identify a Knutsford conveyancing firm on the on the lender panel.
A relative advised me that if I am buying in Knutsford I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Knutsford conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Knutsford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Knutsford Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Knutsford.
I am buying my first flat in Knutsford with a loan from Platform Home Loans Ltd. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my lawyer about this extras as it will put at risk my loan with the lender. 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 thinking of appointing a conveyancing practitioner in Knutsford for my sale. Can I check a firm’s record with the profession’s regulator?
Anyone can read presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA may recorded call for training purposes.
I’m about to sell my ground floor flat in Knutsford.Conveyancing solicitors are to be appointed soon but I have recently received a half-yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as usual as all rents and service invoices will be apportionedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially