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Recently asked questions about conveyancing in Honor Oak

The owners have very assertive sellers who has suggested a lock out agreement with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?

Lock out agreements are contracts between a home owner and purchaser giving the buyer exclusive rights to the sale of the property within an agreed time frame. For all intents and purposes, a lock out is a document stating that you should be issued with a contract at a later time being the contract for the actual sale. It is generally used for buyer confidence though in many situations, the seller may enjoy an upside from such agreements as well. There are various pros and cons to using them but you need to check with your solicitor but note that it may result in incurring more in conveyancing fees. For these reasons these contracts are unusual when it comes to conveyancing in Honor Oak.

Will conveyancers ask for money on account when it comes to conveyancing in Honor Oak?

Where you are retaining lawyers for conveyancing in Honor Oak your solicitor will request that you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the sale price then this should be required shortly in advance of exchange of contracts. Any further balance that is needed will be payable shortly before completion.

Given that I am about to spend £400,000 on a house in Honor Oak I wish to have a conversation with the solicitor concerning thehouse move prior to giving the go ahead to the firm. Can this be arranged?

This is something that we recommend - we would be happy to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in Honor Oak.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The practices that we put you in touch with believe that the figure you are provided with for your conveyancing in Honor Oak should be the figure that you end up paying.

My uncle has suggested that I use his conveyancers in Honor Oak. Should I choose my own solicitor?

Much as we are happy to recommend a Honor Oak conveyancing lawyer the ideal way to choose a conveyancing lawyer is to have feedback from friends or relatives who have used the firm that you are contemplating using.

What advice can you give us when it comes to finding a Honor Oak conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a conveyancer for your lease extension (regardless if they are a Honor Oak conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non Honor Oak conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

    Can they put you in touch with clients in Honor Oak who can give a testimonial? What are the legal fees for lease extension work?

Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Honor Oak. Can we issue an application to the Residential Property Tribunal Service?

Absolutely. We are happy to put you in touch with a Honor Oak conveyancing firm who can help.

An example of a Lease Extension case for a Honor Oak premises is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case was in relation to 1 flat. The unexpired term as at the valuation date was 61.81 years.

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