We have very brash sellers who has recommended a preliminary contract with a down payment 6,000. Are such agreements sensible?
There are a couple of primary drawbacks with executing a lock out agreement (also known as an exclusivity agreement) is that it can distract from moving forward with the conveyancing process, so unless it requires little or no negotiation then it could turn out to be unhelpful. It is not strongly advocated amongst Wanstead conveyancing lawyers as a result. The other main issue is the extent of the remedies available - an aggrieved purchaser is very unlikely to be granted injunctive relief to prohibit the owner disposing of the property to an alternative purchaser, so the only remedy open via the contract will be the reimbursement of wasted costs and, in limited situations, the additional payment of penalties.
Can I be sure that the Wanstead conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Wanstead getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer handling your conveyancing.
After much negotiation I have agreed a price on a house in Wanstead. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £200. Soon after, the conveyancer called me sheepishly admitting that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
After shopping around on the internet I have found a Wanstead solicitor having checked that they are on the Principality conveyancing panel. Does my lawyer arrange the survey of the property?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Wanstead postcode. As you are getting a mortgage with Principality, you could contact them to see if they have a list of approved surveyors in Wanstead.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wanstead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Wanstead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been pointed in your direction by a few property agents in Wanstead to locate a solicitor using your seach tool. Is there a financial inducement for Estate Agents to promote your site ahead of another?
We refuse to give any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Estate agents have just been given the go-ahead to market my basement apartment in Wanstead. Conveyancing has not commenced, but I have just received a half-yearly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as you normally would given that all rents and service payments will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents 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.
I have given up seeking a lease extension in Wanstead. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Wanstead conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Wanstead residence is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case affected 2 flats. The number of years remaining on the existing lease(s) was 73.92 years.
What is the reason for my solicitor requiring numerous items of ID ahead of starting my conveyancing in Wanstead?
Wanstead conveyancing practitioners are duty bound by the Law Society, SRA, HM Land Registry and current AML Regulations to certify that the have checked the identity of their clients. It is also sometimes a requirement of your lender where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and DOB.