We have very assertive sellers who has insisted on a preliminary contract with a deposit of 5k. Are such contracts appropriate for Sipson conveyancing transactions?
There are two primary drawbacks with signing a lock out contract (also known as a no-shop agreement) is that it takes away the focus from progressing with the conveyancing work, so in the absence of it needing limited or no negotiation then it could transpire to be unhelpful. It is not particularly popular by Sipson conveyancing lawyers as a result. The other main issue is the extent of the remedies available - a jilted purchaser is not likely to obtain injunctive relief to stop the seller disposing of the property to a third party, so the only remedy available under the contract will be the reimbursement of abortive costs and, in restricted scenarios, the additional payment of penalties.
Will my lawyer be making enquiries about flooding as part of the conveyancing in Sipson.
Flooding is a growing risk for conveyancers conducting conveyancing in Sipson. Plenty of people will purchase a house in Sipson, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to impart advice on flood risk, however there are a various checks that can be carried out by the buyer or by their solicitors which should give them a better understanding of the risks in Sipson. The conventional set of property information forms sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to discover whether the property has ever been flooded. If flooding has previously occurred and is not disclosed by the seller, then a buyer may commence a legal claim for losses as a result of such an inaccurate response. A purchaser’s conveyancers may also conduct an enviro report. This should reveal whether there is any known flood risk. If so, additional investigations should be made.
I used Wolstenholmes a few years past for my conveyancing in Sipson. Now, I need the documents but the law firm is no longer operating. What do I do?
You should call 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 Sipson 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 opted to have a survey done on a house in Sipson ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend not give a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sipson. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sipson to see if the conveyancing costs will increase in light of this.
I pay a service charge for my flat in Sipson. Due to losing my job and other issues I fell into arrears with remittance. I negotiated a settlement plan but there remains a couple of currently outstanding.
I now wish to sell and I am nervous that this may hold me back if I have to discharge the amount due in advance. Do I have to settle before - is this possible?
Your conveyancer will hopefully be in a position to negotiate with the appropriate parties, and agree with them whether or not they would accept settlement from sale proceeds. This is an example of why it might be good to instruct a conveyancer in Sipson as they may well enjoy an open line of communication with the parties.