The sellers of the house we are looking to purchase have appointed a conveyancing practitioner in Hoyland who has recommended a preliminary agreement with a non-refundable deposit of 5k. Are such arrangements generally advanced for Hoyland conveyancing transactions?
This type of preliminary agreement is unusual in Hoyland, conveyancers will often encourage clients away from them as they divert attention 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 contract they will complete the sale with you. They may be in contravention of the contract if they receive a large enough financial inducement to do so because an aggrieved buyer with the benefit of a exclusivitycontract will still be legally obliged to show losses as a consequence of the breach and these may not equalise the extra amount that your seller may gain by reneging on the contract, no matter how morally unworthy it undoubtedly is.
Is there a reason why leasehold purchase conveyancing in Hoyland costs more?
In summary, leasehold conveyancing in Hoyland and South Yorkshire usually requires more due diligence compared to freehold conveyancing. This includes lease investigation, liaising with the landlord concerning the service of appropriate notices, securing up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
We're in Hoyland, FTBs buying with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
2 months have elapsed following my purchase conveyancing in Hoyland completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Is it possible to transfer to a new firm as I have to find a firm on the Santander conveyancing panel. I instructed a local conveyancing solicitor in Hoyland five minutes from me but the firm is not approved by Santander
It would be our pleasure to assist you find a conveyancing solicitor in Hoyland on the Santander panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Hoyland. In utilising the find a conveyancing solicitor tool on this website, you can scrutinise fees for conveyancing solicitors in Hoyland and throughout England and Wales.