Conveyancing help? Legal pack deciphering
Discussion
I'm just wondering if of the legal eagles on here would be prepared to have a look at a legal pack for me on a property going to auction in a couple of days time. I just need to know if the title is clear and good or if there is anything onerous in there, I don't really know how to decipher that bit 
Happy to provide some beer tokens for the help, and can be off the record type help just need it rather urgent!
Happy to provide some beer tokens for the help, and can be off the record type help just need it rather urgent!What happens if you get some freebie advice but the advice turns out to be wrong? That is a serious question. If there is real money at stake, spend a bit of money on insured advice. Sprat to catch a mackerel. Buy cheap, pay twice. Cheap lawyer or good lawyer, pick one - you can't have both. All the usual tropes. All true. Trying to save money at the margins of the transaction could be a bad move if the transaction goes expensively wrong down the line.
Breadvan72 said:
What happens if you get some freebie advice but the advice turns out to be wrong? That is a serious question. If there is real money at stake, spend a bit of money on insured advice. Sprat to catch a mackerel. Buy cheap, pay twice. Cheap lawyer or good lawyer, pick one - you can't have both. All the usual tropes. All true. Trying to save money at the margins of the transaction could be a bad move if the transaction goes expensively wrong down the line.
Not a case of cheap as a case of time, spoken to three solicitors local and none can do it in time. I'm happy with most of the pack, just don't know enough legally to know if it's clear title or not, or even if it's questionable!Have you tried Jo at Solent Property Lawyers? They are fantastic, my entire family are lawyer legal types and I still use Solent, it's worth having upto the minute advice from someone who deals with this stuff all the time.
I have no connection to them, just have always had fantastic service from them.
Is it the Flat on Deacon Rd that Fox and Sons are auctioning on Thursday?
I have no connection to them, just have always had fantastic service from them.
Is it the Flat on Deacon Rd that Fox and Sons are auctioning on Thursday?
nikaiyo2 said:
Have you tried Jo at Solent Property Lawyers? They are fantastic, my entire family are lawyer legal types and I still use Solent, it's worth having upto the minute advice from someone who deals with this stuff all the time.
I have no connection to them, just have always had fantastic service from them.
Is it the Flat on Deacon Rd that Fox and Sons are auctioning on Thursday?
Not tried them I will give them a call tomorrow thanks!I have no connection to them, just have always had fantastic service from them.
Is it the Flat on Deacon Rd that Fox and Sons are auctioning on Thursday?
haha no I looked at that flat, not to the missus' liking though
I hope the OP gets success with the recommendation but this highlights a common problem for property lawyers. We can be liable for advice given on the basis of a pub conversation if it appears that the person being advised is relying on it so where there is a real transaction then advice has to be on a formal basis.
That means we need to go through the whole money laundering process and client identification. That is where the main delays come from. If it were just a timing issue I could easily look at this for Thursday (two whole days - luxury!!) but unless the OP can get to our offices in London with photo and address ID I can't tick the money laundering box so can't help.
Clients still don't seem to factor this in but it is necessary and correct.
That means we need to go through the whole money laundering process and client identification. That is where the main delays come from. If it were just a timing issue I could easily look at this for Thursday (two whole days - luxury!!) but unless the OP can get to our offices in London with photo and address ID I can't tick the money laundering box so can't help.
Clients still don't seem to factor this in but it is necessary and correct.
Thanks for all the suggestions and help, managed to get a 'quick going over' on the legal pack just to ascertain that the title was clear and good, unfortunately didn't succeed at the auction - turns out nearly every person there wanted that particular lot and it went for nearly 3 times it's guide price, while others that had the same guide price we had looked at didn't even reach reserve!!! I wonder what the person who bought it will think when they find the tree growing out the back wall 30 ft up (wasn't accessible till I forced the rear gate open last minute of last viewing, and why I dropped out once the bids got silly)
If they paid 3x guide then they likely know about the tree and don't care a damn about it. When things go over guide the usual is a pair of over ambitious bidders. When they go 3x there is something others don't know.
As for 3 days i agree with the other poster on here - Luxury - I had a call on Tuesday evening (about 18:30) go through a packand report to the Cleint at 9am on the Wednesday whilst they were at a departure gate. Negotiated ammendments to the Overage should my cleint be the successful bidder via e-mail on Wednesday and reported back to client on the Thursday morning before the lot.
They chose not to bid in the end as a few numpties were in the room pushing the price above sense for land with an overage, insufficent visability splays or access for development, HV overhead lines and a mains sewer running through the centre of it...
My bill will be about £500+vat for that job, but only due to the client, Joe Bloggs would be getting £750-1,000+vat.
As a rule to look at a boggo house contract pack you are looking at £350+vat for up to an hour going through papers and a report. If successful bidder you are looking at a further £500+vat for completion formalities. (back end loaded due to the nature of auctions). If it is a flat or there is an overage deed and the like you can add another £250+vat and £500+vat ish to the above figures.
As for 3 days i agree with the other poster on here - Luxury - I had a call on Tuesday evening (about 18:30) go through a packand report to the Cleint at 9am on the Wednesday whilst they were at a departure gate. Negotiated ammendments to the Overage should my cleint be the successful bidder via e-mail on Wednesday and reported back to client on the Thursday morning before the lot.
They chose not to bid in the end as a few numpties were in the room pushing the price above sense for land with an overage, insufficent visability splays or access for development, HV overhead lines and a mains sewer running through the centre of it...
My bill will be about £500+vat for that job, but only due to the client, Joe Bloggs would be getting £750-1,000+vat.
As a rule to look at a boggo house contract pack you are looking at £350+vat for up to an hour going through papers and a report. If successful bidder you are looking at a further £500+vat for completion formalities. (back end loaded due to the nature of auctions). If it is a flat or there is an overage deed and the like you can add another £250+vat and £500+vat ish to the above figures.
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