We have rather assertive sellers who has insisted on a lock out contract with a deposit 6,000. Are such agreements recommended for Waterloo conveyancing transactions?

This type of agreement isn't frequently used in Waterloo, conveyancers are often inclined to veer clients away from them as they detract from the main conveyancing focus and if you end up losing your deposit then the lawyer is left exposed. In addition, there is no certainty that just because the vendor has executed a lock out contract they will complete the sale with you. They may breach the agreement if they receive a large enough incentive to do so because a wronged purchaser with the benefit of a lockoutcontract will still be obliged show losses as a consequence of the breach and these may not compare to the extra amount that your seller may gain by reneging on the agreement, no matter how morally unworthy it undoubtedly is.

Are the BSA intent on creating a searchable register to to identify law firms on the Earl Shilton BS conveyancing panel for instance in Waterloo?

We are not aware of any plans on the part of the BSA to develop such a register.

I am buying a new build flat in Waterloo. Conveyancing is a frightening process 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 legal work.

Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Waterloo

Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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.

I am looking to sell my home. My past conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Waterloo if that makes a difference.

Do use our search tool to help you find a solicitor for your conveyancing in Waterloo. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.

What advice can you give us when it comes to choosing a Waterloo conveyancing firm to carry out our lease extension conveyancing?

If you are instructing a solicitor for lease extension works (regardless if they are a Waterloo conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Waterloo conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:

Can they put you in touch with clients in Waterloo who can give a testimonial? What are the charges for lease extension conveyancing?

Waterloo Leasehold Conveyancing - A selection of Questions you should ask Prior to Purchasing

What is the name of the managing agents? It would be sensible to find out if the the lease contains any onerous restrictions in the lease. For example some leases prohibit pets being allowed in certain buildings in Waterloo. If you like the apartmentin Waterloo however your cat is not allowed to live with you then you will be presented with a hard determination.