The owners have very brash sellers who has insisted on a lock out agreement with a deposit two thousand pounds. Are such agreements sensible?
There are two main drawbacks with executing a lock out agreement (occasionally termed a no-shop agreement) is that it diverts attention away from moving forward with the conveyancing transaction itself, so unless it requires limited or no negotiation then it could turn out to be a hindrance. It is not promoted amongst Long Ashton conveyancing solicitors for this reason. A supplemental issue is the extent of the remedies available - a jilted buyer is not likely to be granted an injunction to prevent the seller disposing of the property to an alternative purchaser, so the only remedy open via the agreement will be the recovery of abortive costs and, in rare circumstances, the additional payment of damages.
Having sold my house in Long Ashton last August but my buyer keeps Skype messaging daily to say their conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
After completion of your disposal your conveyancer should send the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where relevant, your conveyancer should also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion requirements just for conveyancing in Long Ashton.
I am buying a new build apartment in Long Ashton. Conveyancing is necessary evil 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Long Ashton
-
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I opted to have a survey carried out on a property in Long Ashton in advance of instructing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks tend not issue a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Long Ashton. Conveyancing will be smoother if you use a solicitor in Long Ashton especially if they are familiar with such properties in Long Ashton.
We're first time buyers - had an offer accepted, but the estate agent told us that the owners will only move forward if we instruct their chosen conveyancers as they need a ‘quick sale’. We would rather use a family conveyancer accustomed to conveyancing in Long Ashton
It is improbable the vendors are driving this. If they desire ‘a quick sale', alienating a serious purchaser is not the way to achieve this. Speak to the vendors direct and explain that (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your own,trusted Long Ashton conveyancing solicitors - not the ones that will give their estate agent a kickback or meet his conveyancing thresholds set by HQ.
Finally, a mortgage agreement from a mortgage company for the remortgage of my 4 bedroom garden flat is coming by the end of next week. Are you able to suggest a low cost remortgage conveyancing practitioner in Long Ashton ?
You are on the wrong site if you are in need of the lowest fares for conveyancing solicitors in Long Ashton. We can offer you excellent value conveyancing but we do not advertise as being the cheapest. Do not be fooled by brokers offering £99 conveyancing in Long Ashton.At best, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fee and still not receive the service you were looking for.