My friend's mother is a solicitor. I expect that I will be offered preferential pricing for conveyancing, but if not, what level of fees should I be expecting for conveyancing in Badminton?
You should contrast pricing. Make use of our comparison tool on this page. The fees may vary but the service one can expect differ between conveyancers as is true with most professions.
The owners of the home we are purchasing have appointed a conveyancing solicitor in Badminton who has insisted on a preliminary agreement with a deposit 10k. Are such agreements sensible?
There are two main concerns with signing a lock out contract (sometimes referred to as a shut-out contract) is that it can distract from progressing with the conveyancing transaction itself, so unless it requires little or no negotiation then it may transpire to be a hindrance. It is not promoted amongst Badminton conveyancing solicitors as a result. A supplemental issue is the extent of the remedies available - an aggrieved purchaser should not expect to win an injunctive ruling by a court to bar the vendor selling to a third party, so the only remedy available under the agreement will be the reimbursement of wasted charges and, in limited situations, the additional payment of damages.
Having sold my house in Badminton last March but the buyer keeps e-mailing me complaining that her solicitor is waiting to hear from myconveyancer. What should my lawyer have done following completion?
Following your disposal your lawyer is obliged to send the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your conveyancer should also evidence that the home loan has been redeemed to the purchasers lawyers. There are no post completion steps just for conveyancing in Badminton.
I am purchasing a new build house in Badminton with a loan from Yorkshire Building Society. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about this side-deal as it will impact my mortgage with Yorkshire Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have recently realised that I have 62 years remaining on my lease in Badminton. I am keen to extend my lease but my landlord is absent. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to prove that you have used your best endeavours to track down the landlord. For most situations a specialist should be helpful to carry out a search and prepare an expert document which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the vesting order request to the County Court covering Badminton.
Badminton Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
How many of the leaseholders are in arrears for their service charge payments? Its a good idea to find out as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day issues such as the upkeep of the communal areas. Enquire of other tenants if they are happy with their service. Finally, find out the dates that the service charges are due to the managing agents and precisely what you get for your money.