The vendors of the home we are looking to purchase have instructed a conveyancing solicitor in Otford who has recommended a lock out agreement with a non-refundable deposit 10k. Are such contracts generally advanced for Otford conveyancing transactions?
There are a couple of primary drawbacks with entering into any lock out contract (occasionally known as a shut-out contract) is that it takes away the focus from moving forward with the conveyancing process, so unless it requires limited or no negotiation then it may transpire to be a cause of frustration and delay. It is not particularly popular amongst Otford conveyancing practitioners for this reason. A supplemental issue is the extent of the remedies available - a jilted buyer should not expect to win an injunctive ruling by a court to bar the seller completing the sale to an alternative purchaser, so the only remedy open via the agreement will be the recovery of abortive costs and, in rare scenarios, the extra payment of penalties.
Having sold my house in Otford last August yet the purchaser is SMS messaging me to moan that her lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your house sale your conveyancer is duty bound to send the transfer deeds and all additional paperwork to the purchaser's solicitors. Where relevant, your lawyer must also confirm that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion requirements peculiar conveyancing in Otford.
I have todaydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Otford for a purchase of a freehold house 9 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Otford conveyancing specialists.
I have been advised by three or four local estate agents in Otford to select a conveyancer on your site. Is there a financial incentive for Estate Agents to market your site rather than another?
We don’t give any financial incentive for directing people in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am using a search engine for the term cheap conveyancing in Otford it shows results of many property lawyerslocally. How do I determine which is the right conveyancing solicitor for the sale of my house?
The best way of choosing a suitable conveyancer is via personal testimonial, so enquire of colleagues and relatives who have purchased a property in Otford or a local estate agent or financial adviser. Fees for conveyancing in Otford vary, so it's advisable to secure at least four estimates from varying types of conveyancers. Dont forget to clarify that the charges are guaranteed not to rise.