The owners of the home we are looking to purchase have instructed a conveyancing firm in Norris Green who has suggested a lock out contract with a down payment 10k. Are such agreements sensible?
This type of agreement isn't common in Norris Green, conveyancers are not keen on them as they detract from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. In addition, there is no guarantee that just because the seller has entered into a lock out contract they will sell to you. They may be inclined to break the agreement if they receive a big enough incentive to do so because a wronged purchaser with the benefit of a lockout agreement will still have to establish consequential losses from the breach and these may not compare to the extra amount that the owner may obtain by breaching the contract, no matter how morally unworthy the behaviour is.
Having sold my house in Norris Green last December but the buyer keeps e-mailing me complaining that their lawyer is waiting to hear from myconveyancer. What are the post completion sale formalities following completion?
Following your disposal your lawyer should send the transfer deeds and all of the paperwork to the purchaser's lawyers. Where relevant, your conveyancer must also send confirmation that the home loan has been paid off to the purchasers solicitors. There is unlikely to be post completion formalities specific conveyancing in Norris Green.
The Norris Green conveyancing solicitors that I appointed last week on my purchase in Norris Green have without warning shut down. They were on acting for me because I needed a lawyer on the Virgin Money conveyancing panel and my preferred Norris Green lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money 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 should be in a position to help.
Just bought a detached house in Norris Green , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Norris Green conveyancing solicitor has been very slow, so I want to check the land registry aspects are concluded.
There is nothing unique when it comes to conveyancing in Norris Green registration formalities. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. Currently in the region of 80% of such applications are completed in less than three weeks but some can be subject to longer hold-ups. Registration occurs after the new owner has moved in to the property thus 'speed' is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I need to instruct a conveyancing solicitor in Norris Green for my house move. Is there any facility to see a firm’s record with the legal regulator?
Anyone may search for published Solicitor Regulator Association (SRA) decisions stemming from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.