The owners have very brash vendors who has insisted on a lock out agreement with a down payment 6,000. Are such agreements sensible?
This type of arrangement isn't frequently used in Victoria Dock, conveyancers are not keen on them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the proprietor has executed an exclusivity agreement they will sell to you. They may be in contravention of the agreement if they receive sufficient incentive to do so because an aggrieved buyer with the benefit of a exclusivitycontract will still be obliged show losses as a consequence of the breach and this may not amount to the extra amount that your vendor may gain by breaching the contract, however morally shameful it undoubtedly is.
Having sold my house in Victoria Dock last February yet the purchaser is Skype messaging daily complaining that his conveyancer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your sale your lawyer should forward the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also evidence that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion tasks just for conveyancing in Victoria Dock.
My lender has recommended a law firm on their panel based in Victoria Dock but I would rather choose a conveyancing lawyer in Victoria Dock or nearer to where I live. Can you help?
Far from all Victoria Dock conveyancing solicitors are listed all lender’s conveyancing panel. Use the above find an approved solicitor tool to find a Victoria Dock conveyancing solicitor on the on the mortgage company panel.
I am buying a new build flat in Victoria Dock. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Victoria Dock
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. Please supply a car parking plan.
My friend mentioned that when selecting a conveyancing firm they need approved by your bank. I am first time buyer with but I have an AIP via Halifax and I already have a local conveyancing lawyer in Victoria Dock on standby. Does Nat West Bank insist on an approved conveyancer to be used? Does a directory of approved solicitors even exist for my conveyancing in Victoria Dock?
You need to choose a solicitor that is on the Nat West Bank panel. Just ring your chosen Victoria Dock conveyancing lawyer and ask if they are on the Nat West Bank panel. If they are not on the panel you have a number of choices open to you here:
- Complete the purchase with your preferred Victoria Dock conveyancing practitioner but Nat West Bank will need to appoint a conveyancing practitioner on their approved panel. The net impact is additional fees and probable delay.
- Get a fresh lawyer to act in the purchase, ensuring that they are on the Nat West Bank conveyancing panel.
- Convince your lawyer to do everything within their powers to get listed on the Nat West Bank conveyancing panel.