The owners of the property we are hoping to buy are using a conveyancing practitioner in Old Coulsdon who has suggested a preliminary contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
This type of preliminary agreement isn't frequently used in Old Coulsdon, conveyancers will often encourage clients away from them as they divert attention from the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no assurance that just because the vendor has signed an exclusivity contract they will sell to you. They may be tempted to break the contract if they are offered a large enough financial inducement to do so because a wronged party with the benefit of a lockoutcontract will still have to establish consequential losses from the breach and these may not compare to the financial upside that your seller may secure by breaching the contract, no matter how morally reprehensible the behaviour is.
At what point can the exchange of contracts take place for domestic conveyancing in Old Coulsdon and am I required to be at the conveyancers office?
Where you are in close proximity to one of the conveyancing solicitors in Old Coulsdon you are invited in to sign the paperwork. However, the law practices we work with offer countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when dealing with you by post or email. The executing of the sale agreement is not the important part. Signing on the dotted line simply enables the conveyancer to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Old Coulsdon)to be in the office at the appropriate time.
I acquired my home on 5 November and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Old Coulsdon said it would be recorded in a couple of weeks. Are transfers in Old Coulsdon uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Old Coulsdon registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry communicate with any third persons or bodies. Currently approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to longer hold-ups. Registration is effected after the buyer has moved in to the property so post completion formalities is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers should speak with the land registry and explain the circumstances.
I am buying a new build flat in Old Coulsdon. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Old Coulsdon
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Please confirm the Lease plans are architect prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Is it possible to switch firm as I need to choose a firm on the Santander conveyancing panel. I had appointed a high street conveyancing solicitor in Old Coulsdon round the corner but he is not approved by Santander
It would be our pleasure to assist you find a conveyancing solicitor in Old Coulsdon on the Santander panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Old Coulsdon. In making use of search facility on this website, you can compare charges for conveyancing solicitors in Old Coulsdon and throughout England and Wales.
I today plan to offer on a house that appears to meet my requirements, at a great price which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Old Coulsdon. Conveyancing advisers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Old Coulsdon ?
Most houses in Old Coulsdon are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Old Coulsdon so you should seriously consider shopping around for a Old Coulsdon conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will appraise you on the various issues.
After years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Old Coulsdon. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a Old Coulsdon conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Old Coulsdon premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The number of years remaining on the existing lease(s) was 75 years.