What specific property will my property lawyer in Ely get on a Ely property?
The common procedure will be to get Local Authority Search, Drainage and Water Search (CON29DW or personal) and Environment Search and perhaps less common searches, which might include Land charge Searches.
Can I withdraw my offer on a property at any time?
When you make an offer on a house that has been accepted by the vendor, you can ask them to take it off the market as part of the acceptance. If you are selling, you can show your intent by agreeing to remove it from other potential buyers’ interest.
As a buyer, you can withdraw your offer at any time (and, as a seller, you can reject an offer at any time) up to the exchange of contracts, which means you are now legally committed to go through with the transaction at the agreed price. You should check your contract with both the estate agent and your conveyancing solicitor as there may be fees and other penalties associated with pulling out of the transaction after the offer was initially agreed.
If you decide to withdraw from the contract after exchange, then you are in breach. This means, if you’re the buyer, the seller is entitled to keep whatever agreed sum has been set for the deposit, and could claim damages; as the seller, you will be liable to pay interest accrued during the Notice to Complete period as well as the deposit, and the potential for claiming losses, and the buyer has to return everything about the property at the seller’s expense.
What designated conservation areas are there in Ely?
These areas conserve neighbourhoods designated as being of historical merit. These restrictions may impose liability on a buyer for unauthorised alterations made by previous owners, but the benefits will include properties can be easier to sell. Your solicitor will provide more details.
What does 'fixtures and fittings' include?
Mainly, fixtures are fixed to walls and other surfaces and fixtures are free-standing items, such as free-standing kitchen appliances. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.
Do I need to instruct the law firm suggested by the agent?
It is commonplace for agents to endorse a conveyancing solicitor. Such referrals should be compared to other online or local firms, as an agent may select the conveyancer who pays out the highest referral fee, not the law firm with the best reputation.
What causes Ely property legal work for a purchase to take weeks more than planned?
The legal work undertaken to transfer a property in Ely could be lengthy for many reasons. In some cases, the causes are beyond the solicitors' power. Homeward Legal understand how frustrating these are and do our best to minimise their consequences where possible by, for example, ordering searches as early as possible.
Is the SDLT fee a fee or a disbursement?
Disbursements and fees ought to be identified on your conveyancing quote. This charge is a fee not a disbursement, and should be included in your quote.