Quizzes & Puzzles3 mins ago
Solicitors Property Deed Of Variation
Hi
Please can you help?
We are in the process of selling a flat and are having trouble with the buyers solicitors, we have had many letters requesting detailed info, some of which has been in repetition, one of the issues is that they require a deed of variation since the solicitor feels that parts of the property are not clear on the deeds – i.e. the flat’s balcony. The flat is part of a period property converted into flats in 1984, since this time the flat has been bought and sold several times always with the understanding that the balcony forms part of the property of Flat, indeed it can only be accessed from the flat.
The solicitor requires £400 to produce this document and despite several emails explaining that it is unnecessary they now insist. We don’t want to lose the sale but feel that we are being ripped off… does anyone have similar experience please can you advise?
Thank you.
J
Please can you help?
We are in the process of selling a flat and are having trouble with the buyers solicitors, we have had many letters requesting detailed info, some of which has been in repetition, one of the issues is that they require a deed of variation since the solicitor feels that parts of the property are not clear on the deeds – i.e. the flat’s balcony. The flat is part of a period property converted into flats in 1984, since this time the flat has been bought and sold several times always with the understanding that the balcony forms part of the property of Flat, indeed it can only be accessed from the flat.
The solicitor requires £400 to produce this document and despite several emails explaining that it is unnecessary they now insist. We don’t want to lose the sale but feel that we are being ripped off… does anyone have similar experience please can you advise?
Thank you.
J
Answers
£400, as per the question. This is therefore going to be about 2 hours work - yes, these people really do charge at a rate of £1500 per day. In a rising market (across much of the country) you have a choice, really. Accept it as a reduction in the offer price of £400, or state to the vendor that you'd be happy to provide the necessary deed of variation but since it...
20:19 Sun 30th Mar 2014
£400, as per the question.
This is therefore going to be about 2 hours work - yes, these people really do charge at a rate of £1500 per day.
In a rising market (across much of the country) you have a choice, really. Accept it as a reduction in the offer price of £400, or state to the vendor that you'd be happy to provide the necessary deed of variation but since it going to cost you £400, you will wish to increase the price at which you sell by £400 to compensate.
Its a variation of the old trick of the buyer making an offer and reducing it post-survey due to some spurious and obviously spotted minor imperfection in the property that the surveyor comments on.
If the property market is rising in your ares you could call bluff by suggesting that you don't consider it to be enough of a problem to prevent someone else wanting to buy your property if you re-marketed it. Much depends on the relative timing of ypour proposed purchase at the other end.
This is therefore going to be about 2 hours work - yes, these people really do charge at a rate of £1500 per day.
In a rising market (across much of the country) you have a choice, really. Accept it as a reduction in the offer price of £400, or state to the vendor that you'd be happy to provide the necessary deed of variation but since it going to cost you £400, you will wish to increase the price at which you sell by £400 to compensate.
Its a variation of the old trick of the buyer making an offer and reducing it post-survey due to some spurious and obviously spotted minor imperfection in the property that the surveyor comments on.
If the property market is rising in your ares you could call bluff by suggesting that you don't consider it to be enough of a problem to prevent someone else wanting to buy your property if you re-marketed it. Much depends on the relative timing of ypour proposed purchase at the other end.
.erm yes I have
I always use the same solicitors to sell that I used when I bought.
and in deed (! Ha !) the day came when my solicitor said
there is question to title - they want you to swear that you have used the drive by adverse occupation since you bought
and I said why didnt you pick this up when I bought ?
and he went like blah blah we dont think there IS question to title yap yap yap.
and since I wanted to sell - I swore the required affidavit.
Four hundred knicker extra on the sale price isnt gonna be that much is it ?
I always use the same solicitors to sell that I used when I bought.
and in deed (! Ha !) the day came when my solicitor said
there is question to title - they want you to swear that you have used the drive by adverse occupation since you bought
and I said why didnt you pick this up when I bought ?
and he went like blah blah we dont think there IS question to title yap yap yap.
and since I wanted to sell - I swore the required affidavit.
Four hundred knicker extra on the sale price isnt gonna be that much is it ?