We have rather brash sellers who has insisted on a preliminary agreement with a non-refundable deposit of 5k. Are such agreements sensible?
There are a couple of main drawbacks with signing a lock out agreement (sometimes termed a no-shop agreement) is that it takes away the focus from moving forward with the conveyancing process, so unless it requires minimal or no negotiation then it may transpire to be unhelpful. It is not promoted by Padstow conveyancing solicitors as a result. A further concern is the extent of the remedies available - an aggrieved purchaser is not likely to be issued with injunctive relief to prevent the seller selling to an alternative purchaser, so the only remedy available under the contract will be the recovery of wasted charges and, in limited circumstances, the extra payment of penalties.
Completed the sale of my flat in Padstow last August but our buyer keeps e-mailing every few hours complaining that their conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your conveyancer is obliged to send the transfer deeds and all additional paperwork to the buyer’s lawyers. Where appropriate, your solicitor must also confirm that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Padstow.
I need some fast conveyancing in Padstow as I am faced with a deadline to exchange contracts in less than 3 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you have the choice not to have searches conducted although no solicitor would advise that you don't. With lots of history conveyancing in Padstow the following are examples of what can appear and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
My uncle has encouraged me to instruct his lawyers for conveyancing in Padstow. Should I choose my own property lawyer?
Much as we are happy to recommend a Padstow conveyancing lawyer the ideal way to select a conveyancing lawyer is to have referrals from friends or family who have actually experience in using the solicitor you're are thinking of instructing.
Our sealed bid on house in Padstow was accepted, but there is a chain. The sellers have offered on a flat, although it’s not been accepted yet, and are looking at other flats booked. I have instructed a local conveyancing lawyer in Padstow. What do I do now? When do I get the mortgage application with HSBC going with HSBC?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx £1k, then survey, Padstow conveyancing search costs, etc). First, you should check that your conveyancing practitioner is on the HSBC conveyancing panel. Concerning the next stages this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. In a buoyant market many buyers will apply for a home loan with HSBC and arrange for the survey and only if it was satisfactory would they pay their conveyancer to press on with searches.