The sellers of the house we are hoping to buy have appointed a conveyancing solicitor in Somerset who has recommended a preliminary contract with a deposit 6,000. Are such agreements sensible?
There are two main concerns with entering into any lock out agreement (sometimes known as an exclusivity agreement) is that it can distract from progressing with the conveyancing process, so in the absence of it needing little or no negotiation then it could turn out to be a hindrance. It is not particularly popular amongst Somerset conveyancing lawyers for this reason. The other main negative is the extent of the remedies available - a jilted buyer is not likely to be granted an injunctive ruling by a court to stop the seller selling to a third party, so the only remedy available under the agreement will be the recovery of abortive costs and, in rare situations, the extra payment of damages.
Having sold my house in Somerset last May yet the purchaser is e-mailing daily complaining that her lawyer needs to hear from mylawyer. What should have happened following completion?
Following your house sale your solicitor should send the transfer deeds and all additional paperwork to the purchaser's solicitors. If applicable, your solicitor must also evidence that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There are no post completion formalities just for conveyancing in Somerset.
About to purchase a new build flat in Somerset. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Somerset
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants.
How do I locate a Somerset law firm on the Birmingham Midshires conveyancing panel? I am a keen cyclist and am happy to travel upto 20kilometers to meet the lawyer.
You can use the tool on this page. Please choose the lender and your location and you will see a number of Somerset conveyancing lawyers based on proximity. We have listed some Somerset conveyancing firms at the bottom of this page and you can call them to verify if they are on the Birmingham Midshires approved list
I need to find a conveyancing solicitor for leasehold conveyancing in Somerset. I've stumble upon a web site which seems to have the perfect solution If it is possible to get all the legals completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?