The owners have very assertive vendors who has suggested a lock out contract with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?
Exclusivity agreements are agreements binding a home owner and prospective acquirer granting the buyer a ‘clear field’ to the sale of the property for a set period of time. For all intents and purposes, a lock out is a document specifying that you will be issued with a contract at a later time which is the main conveyancing contract. It is generally utilised for buyer protection though in some cases, the seller may enjoy an upside from such agreements as well. There are numerous pros and cons to using them but you need to check with your solicitor but beware that it may result in incurring more in conveyancing charges. In light of this these contracts are rare when it comes to conveyancing in Penn.
How up to date is your database of Penn solicitors on the Co-operative conveyancing panel? Do Co-operative send you an updated list?
Penn conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Just acquired a terraced house in Penn , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Penn conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
There is nothing unique about conveyancing in Penn registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether there are errors and if the Land registry must send notices to any other parties. At present in the region of three quarters of submission are completed in less than three weeks but some can be subject to longer delays. Historically registration takes place after the new owner has moved in to the premises so post completion formalities is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor should contact the land registry and explain the circumstances.
I have been sourcing a conveyancing practitioner in Penn for my home move. Is it possible to see a solicitor's record with the profession’s regulator?
You can read published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 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. International callers, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.
What advice can you give us when it comes to finding a Penn conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Penn conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Penn conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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How familiar is the firm with lease extension legislation? Can they put you in touch with clients in Penn who can give a testimonial?
Penn Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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Best to be warned if changing the roof or some other significant cost is anticipated that will be shared by the tenants and will materially increase the the service charges or necessitate a specific payment. You will want to discover as much as you can concerning the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the common parts. Ask other tenants whether they are happy with them. On a final note, investigate as to the dates that the maintenance charges are due to the managing agents and precisely how they are spending that money. How many of the leaseholders are in arrears for their service charge payments?
My wife and I have recently appointed a conveyancing solicitor in Penn. I I would like to check if they are listed on the lender's approved list of lawyers. Can you advise?
You should contact your conveyancer to check if they are on the lender's panel. Alternatively please get in touch with us and we can make some checks for you. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Penn on the approved list for your lender.