Longridge: 01772 783 314 | Garstang: 01995 602 129 | Lancaster: 01524 581 306 
 
Longridge: 01772 783 314 
Garstang: 01995 602 129 
Lancaster: 01524 581 306 

Posts tagged “Contracts”

With air pollution on the rise, and as one of our main public health threats, government ministers have made attempts to alleviate this issue. Air pollution has been linked to many health issues, which can stretch as far as dementia.  
 
Your solicitors in Preston have, therefore, begun to question what may be done to reduce this risk. 
A guide for the time in between exchange and completion: - 
 
How long have you got? 
 
Historically; people used to have approximately a month between exchange and completion. Now its normal to have a week but sometimes turn around can be as quick…same day kind of quick! The good news is that you have a say in the time you leave between exchange and completion so think about how long you want. You will need to decide this before the exchange takes place. 
 
If you want to remain calm, sane and organised we advise avoiding an exchange and completion taking place of the same day. Despite the massive temptation we at MG Legal, Lancaster law firm, recommend that you avoid at all costs! 
Ever seen the Despicable Me when the Minions start saying “blah blah blah”? If you haven’t then the reference will probably make as much sense to you as some of the terminology used in Conveyancing. If you have then you’ll know that when Solicitors start talking then often, they may as well be saying “blah blah blah” for all then sense it makes! Well never fear for a (wanna be) Superhero is here to explain the terminology of the contract to you (ha! Bet you thought it was going to be something way more exciting!) 
What does that even mean? The Solicitor said something about the thingy? MG Legal, Solicitors in Chorley, demystify Conveyancing jargon so you can concentrate of the important things. Like your other half talking gibberish about not moving on that day because “the football” or your mother telling you that the walls of your dream house should be magnolia white and your bathroom should, of course, feature snot green tiles. 
Whilst it can be annoying to receive a five page initial letter and a nine page terms of business accompanying it, your Solicitors in Lancaster are duty bound to give you all the information contained within it. For examples, your Solicitors in Lancaster have to provide you with the following information:- 
Your local Solicitors in Lancaster, MG Legal, advise that when two parties enter into a contract, whether orally or in writing, there are certain criteria that must be met to ensure that the contract is valid, and therefore legally enforceable. The conditions are as follows:- 
 
1 There must be an offer made; 
2 The offer must be accepted; 
3 There must be sufficient consideration passing between the parties; 
4 Both parties must have mental capacity; 
5 There must be an intention to create legal relations. 
 
Now, whilst a few of the points may seem obvious, Solicitors in Lancaster explain that it can be easy to fail to meet all the conditions. 
Imagine you’ve found the perfect pair of Louboutin shoes. The bright red soles that shine the red of holly berries as you walk with its slim stiletto and classic pointed toe. Now imagine that you make the momentous decision to spend £455.00 to buy a pair of shoes even though you can buy a similar pair for £20.00 from “Primarnie”! You make all kinds of promises to yourself; about how you’re only buying them to wear to that job interview, they’re an asset, if you get the job then technically you’ve made money on them, they’ll be lucky when you take them on that date, after all Louboutin’s are a symbol of excitement for women the world over. 
If you live in Lancaster and you look for Conveyancing in Lancaster; you would expect that your Local Solicitor would not need a Local Search to tell them about the property. 
 
Well you’re wrong! Searches uncover all kinds of information that may otherwise be hidden. Searches help provide information on the property which may not be disclosed by the Seller of the Property. Searches are also mandatory if you are purchasing with the assistance of a mortgage. 
What are Official Copy Entries? 
 
Official Copy Entries are a form of document which your solicitors in Longridge can download from the Land Registry. This document will show all of the records the Land Registry hold about the property, and includes information for your property solicitors Preston to review and investigate accordingly. The records are held under a specific title number, unique to that property and are accompanied by a Title Plan showing the physical boundaries of the property. 
As the pound suffers its worst day since 2016 it would seem to be a bleak Friday indeed. This news comes as, according to the BBC, analysists are advising that homes are taking longer to sell than they were a year ago. Since 2016 the markets have appeared little affected by Brexit however as the March 2019 departure date approaches it seems that the figures are being affected. This news is not helped by the Royal Institute of Chartered Surveyors forecast that house prices are at the lowest they have been since 2016. Currently; it is estimated that housing transactions are down twenty percent however on the whole house prices are still on the rise. 

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