The owners have rather assertive sellers who has insisted on a exclusivity contract with a non-refundable deposit 6,000. Are such agreements sensible?
This type of agreement isn't common in Fairlop, conveyancers are often found to direct clients away from them as they detract from the primary focus, namely conveyancing and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Furthermore, there is no certainty that just because the proprietor has entered into an exclusivity agreement they will sell to you. They may breach the contract if they receive a big enough incentive to do so because an aggrieved buyer with the benefit of a exclusivity agreement will still be duty bound to establish consequential losses from the breach and this may not compare to the financial benefit that your seller may gain by breaching the contract, however morally unworthy the behaviour is.
I am buying a garden flat in Fairlop. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Fairlop you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Fairlop.
I need some quick conveyancing in Fairlop as I have pressure to complete within 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at liberty not to have searches carried out although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Fairlop the following are instances of what can arise and adversely affect future mortgageability: Enforcement Notices, Overdue Fees, Overdue Grants, Railway Schemes,...
I used Action Conveyancing several years past for my conveyancing in Fairlop. Now, I need the files however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Fairlop of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I’m about to sell my ground floor apartment in Fairlop. Conveyancing solicitors are to be appointed soon, however I have recently received a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the invoice as you normally would because all ground rent and service charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless 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 inherited a a ground floor purpose built flat in Fairlop. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Fairlop conveyancing firm who can help.
An example of a Lease Extension case for a Fairlop residence is 104 Coventry Road in July 2014. The Tribunal determined that the lease extension permium should be £22,896.15 This case affected 1 flat. The unexpired term was 60.29 years.