The owners have very pushy sellers who has suggested a lock out contract with a payment 6,000. Are such agreements sensible?
Exclusivity agreements are agreements binding a home owner and purchaser giving the buyer the sole right to purchase the property for a limited period of time. For all intents and purposes, an exclusivity is a document specifying that you will be issued with a contract at a later time being the contract for the actual sale. It is generally utilised for buyer protection though in some cases, the vendor may stand to benefit from such agreements as well. There are many positives and negatives to having them but you need to check with your conveyancer but note that it may end up incurring more in conveyancing charges. For this these contracts are avoided in relation to conveyancing in Deptford.
I am planning on selling our house in Deptford and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Deptford lawyer would know this is not the case. For the life of me I don't know why the purchasers used a factory type conveyancing practice rather than a conveyancing solicitor in Deptford. Having lived in Deptford for many years we know that this is a non issue. Do we contact our local Authority to get clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I used Action Conveyancing several years ago for my conveyancing in Deptford. I now require my file but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Deptford of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in Deptford I like with amenity areas and transport links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Deptford for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage that many years will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
We are buying a 2 bedroom first floor flatin Deptford with a loan from a bank. We wish to instruct our lawyer in Deptford yet our mortgage company advise she’s not on their "panel". We have to appoint from the our lender panel solicitors or stay with our Deptford solicitor and pay for one of their panel ones to represent our bank. This seems very unfair; Can we not simply insist that our mortgage company use our Deptford lawyer?
No, not really. The lender home loan offered to you is subject to conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most banks had open panels, including many conveyancing solicitors in Deptford : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for your bank.