The sellers of the home we are purchasing have instructed a conveyancing firm in Common Edge who has insisted on a exclusivity agreement with a deposit 10k. Are such agreements promoted for Common Edge conveyancing transactions?
This kind of arrangement isn't frequently used in Common Edge, conveyancers are often found to veer clients away from them as they detract from the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. Secondly, there is no guarantee that just because the vendor has entered into an exclusivity agreement they will complete the sale with you. They may be motivated to break the contract if they are offered a large enough offer to do so because an aggrieved purchaser with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and this may not equate the financial upside that the owner may obtain by breaking the contract, no matter how morally condemnable that may be.
Can your site be used to locate a Conveyancing solicitor in Common Edge even where I’m not purchasing or selling a house, for example if I intend to buy a shop in Common Edge with a mortgage from Platform Home Loans Ltd?
Our comparison service is predominantly there to get a quote from domestic conveyancing solicitors in Common Edge but we have listed at the end of this page a few Common Edge commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they can also act for Platform Home Loans Ltd
Should our lawyer be raising questions concerning flooding during the conveyancing in Common Edge.
Flooding is a growing risk for solicitors dealing with homes in Common Edge. There are those who acquire a property in Common Edge, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a numerous checks that can be undertaken by the buyer or by their solicitors which should figure out the risks in Common Edge. The standard property information forms sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the owner to determine if the property has suffered from flooding. In the event that the residence has been flooded in past and is not disclosed by the vendor, then a purchaser could bring a legal claim for losses stemming from an inaccurate response. The buyer’s conveyancers will also order an enviro report. This should higlight whether there is a recorded flood risk. If so, more detailed inquiries should be made.
four months have gone by since my purchase conveyancing in Common Edge completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Hoping to buy a property located in Common Edge and I am already nervous. I couldn't find anything specific about Common Edge. Conveyancing will be needed in due course but do you know about the Common Edge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Common Edge. In the meantime here are some basic statistics that we found