The sellers of the house we are looking to purchase hired a conveyancing firm in Selston who has suggested a preliminary contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
This form of preliminary agreement is not the norm in Selston, conveyancers are often inclined to veer clients away from them as they detract from focusing on the main conveyancing focus and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no certainty that just because the proprietor has entered into a lock out contract they will sell to you. They may be tempted to break the agreement if they are offered a large enough offer to do so because a wronged party with the benefit of a lockoutcontract will still be legally obliged to establish consequential losses from the breach and this may not equalise the financial benefit that the owner may obtain by breaking the agreement, no matter how morally reprehensible the behaviour is.
I am the registered owner of a freehold house in Selston but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Selston and has limited impact for conveyancing in Selston but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I have todaydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Selston for a purchase of a leasehold flat 10 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Selston conveyancing specialists.
What is different about your site and other internet conveyancing solicitors for conveyancing in Selston?
At this site secure an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Selston. Unlike many estate agents and many comparison sites we do not have referral deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most kickback, rather than the best value conveyancing in Selston
I am 18 days into a leasehold purchase having been recommend to conveyancers by the selling agent to do our conveyancing in Selston. I am not happy. Could you you assist me in finding new solicitors?
They would have to be really poor to suggest replacing them. Has your mortgage been issued? If so you will need to inform them of the replacement conveyancer and ensure the loan are re-issued. The conveyancer needs to be on the mortgage company panel to avoid supplemental charges and complications. So that should be your first question of the new solicitors. Our search tool can help you find a lender approved solicitor for your conveyancing in Selston