I instructed a Stow on the Wold based lawyer for my conveyancing in Stow on the Wold last week. Going through the terms of engagement it is apparent thatwe are responsible for costs even if the dealfalls through. Would I be best advised to instruct a web based conveyancing brokerage offering no move no charge conveyancing in Stow on the Wold?

It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the fee levels will tend to be be higher to neutralise those conveyances that do not go ahead. You should be mindful that such schemes rarely protect you from outlay by way of example Stow on the Wold conveyancing search fees.

The vendors of the home we are looking to purchase hired a conveyancing solicitor in Stow on the Wold who has insisted on a preliminary contract with a down payment two thousand pounds. Are such agreements recommended for Stow on the Wold conveyancing transactions?

There are two primary downsides with signing a lock out agreement (sometimes referred to as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing limited or no negotiation then it could transpire to be unhelpful. It is not promoted by Stow on the Wold conveyancing lawyers for this reason. The other main concern is the extent of the remedies available - a jilted buyer is extremely unlikely to secure an injunction to stop the vendor disposing of the property to another buyer, so the only remedy available under the contract will be the recovery of abortive charges and, in limited scenarios, the additional payment of penalties.

I am the registered owner of a freehold residence in Stow on the Wold but nevertheless pay rent, why is this and what is this?

It is rare for properties in Stow on the Wold and has limited impact for conveyancing in Stow on the Wold but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.

Just bought a detached house in Stow on the Wold , how long will it take for the Land Registry to record the transfer to my name? My Stow on the Wold conveyancing solicitor works at snail pace, so I want to be sure that my ownership is recorded.

As far as conveyancing in Stow on the Wold registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd persons or bodies. At present approximately 80% of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Registration takes place after the buyer is living at the premises thus an expedited registration is not always top priority but if it is urgent that the the registration takes place urgently then you or your solicitor must speak with the land registry and explain the circumstances.

About to purchase a new build apartment in Stow on the Wold. Conveyancing is daunting 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 conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Stow on the Wold

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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. Please confirm the Lease plans are architect prepared.