The sellers of the home we are looking to purchase have appointed a conveyancing solicitor in Slough who has recommended a lock out contract with a down payment 10k. Are such agreements sensible?
There are two main concerns with executing a lock out agreement (occasionally known as a shut-out contract) is that it takes away the focus from moving forward with the conveyancing work, so unless it requires minimal or no negotiation then it may transpire to be a cause of frustration and delay. It is not particularly popular by Slough conveyancing lawyers for this reason. A further concern is the extent of the remedies available - a jilted buyer is not likely to be granted an injunction to prevent the owner disposing of the property to another buyer, so the only remedy open via the agreement will be the reimbursement of abortive costs and, in rare circumstances, the additional payment of penalties.
A friend advised me that if I am purchasing in Slough I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Slough conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Slough around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Slough.
I have todaybeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Slough for a purchase of a freehold house 18 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Slough conveyancing specialists.
I am looking for a ground for flat up to £195,000 and found one near me in Slough I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Slough for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
How difficult is it to transfer to a new solicitor as I have to appoint one who is on the Chelsea Building Society conveyancing list. I was using a family conveyancing solicitor in Slough round the corner but he is not accepted by Chelsea Building Society
It would be our pleasure to help you select a conveyancing solicitor in Slough on the Chelsea Building Society panel. Please note that the property lawyers that we work with do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Slough. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Slough.