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 “Terms and Conditions”

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. 
The Contract pack is a very important bundle of documentation that your conveyancing solicitors Preston require to carry out essential work as part of the conveyancing process. 
 
The solicitors in Longridge acting on behalf of the sellers will initially ask them to complete a number of forms providing information about the property that is necessary to draft the Contract itself, together with providing any relevant documentation relating to the property. 
At MG Legal, we understand that the term ‘First Registration’ may mean nothing to you. However, if you are purchasing a property that is currently unregistered at the Land Registry, your solicitors in Lancaster will be required to carry out this process on your behalf. 
Now-a-days, every moment of our lives is consumed with entering into a contract and usually, by proxy, agreeing to the Terms and Conditions. If you're signing up for a new 'phone contract, or you're simply purchasing a loaf of bread, a contract is being formed. We know - this seems crazy - but, believe it or not, the terms of buying and selling items in shops (and some other places), for example, are covered by the Consumer Rights Act 2015, which covers both the sellers and the buyer alike. 
 
However, for other agreements, a written contract is required which has to be signed by both parties to be legally binding. The most obvious one is when you sell or purchase a house (if you're selling or buying, contact MG Legal's expert team today for first-class advice). Both parties have to sign a contract which, once exchanged (see our blog on 'The Conveyancing Process'), means that both parties are legally bound to see the contract through. And, if one party fails to uphold their end of the contract, there are usually sanctions in place. 
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