We are soon to complete on the purchase of a property in Osterley Park but as a result of damage from some water damage at the property I have was able negotiate compensation from the current proprietors of £2k in the form of a deduction in the price. I had intended this to be dealt with as part of amending the contract but Yorkshire BS are not allowing this. Should they have been involved?
Your conveyancing practitioner being on the Yorkshire BS approved list is duty bound to inform Yorkshire BS of any amendments to the sale price. If you prohibit your solicitor to report the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new solicitor for your conveyancing in Osterley Park.
The Osterley Park conveyancing firm that I appointed last week on my house acquisition in Osterley Park have without warning shut down. I chose them because I needed a lawyer on the Nottingham conveyancing panel and my preferred Osterley Park lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I require expedited conveyancing in Osterley Park as I have an ultimatum to sign on the dotted line in less than one month. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not getting a home loan you have the choice not to have searches conducted although no lawyer would advise that you don't. With lots of history conveyancing in Osterley Park the following are examples of what can crop up and adversely affect market value: Enforcement Actions, Overdue Fees, Outstanding Grants, Railway Schemes,...
My partner has suggested that I appoint his lawyers for conveyancing in Osterley Park. Should I use them?
Much as we are happy to recommend a Osterley Park conveyancing lawyer the ideal way to choose a conveyancing practitioner is to get referrals from friends or relatives who have actually previously instructed the firm you're are thinking of instructing.
When it comes to my conveyancing in Osterley Park should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Osterley Park conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.