Completion

To rescind means to restore the parties to their former position, ie, before they entered into the contract. Rescission is an ‘equitable remedy.’Under the Standard Conditions of Sale the right to rescind the contract is available in the following situations: Where the risk in the...

 Where either party fails to complete on the contractual completion date and it does not appear as if matters can be resolved, the other party’s solicitor or conveyancer may serve a Notice to Complete. The defaulting party has 10 working days in which to complete. If they do not...

If the buyer or seller fails to complete, the aggrieved party may sue for breach of contract and may be awarded...

If either the buyer or seller are late in completing, interest is payable to the aggrieved party at the contractual rate (the rate specified on page one of the contract). Compensation and other costs resulting from late completion (eg, removal costs, bridging finance) may also be payable, depending...

The Transfer, sometimes referred to as the Purchase Deed, is the document that transfers the legal ownership of a property from the seller to the buyer. It is drawn up in a specific way, in accordance with Land Registry rules. The seller must always sign the Transfer and the buyer should also sign...

Chain transactions are very common in Conveyancing since it is normal practice finding a buyer or a seller who has a property to sell or buy themselves. The key to ensuring things progress smoothly is to make sure the respective parties are organised and keep their conveyancers informed of any...

It is possible to find Fast, Cheap Conveyancing without compromising on service. If you are intending to complete on your property transaction ASAP, get in touch with Fridaysmove today.

 Six mortgage advisers were banned by the Financial Services Authority (FSA), yesterday, due to mortgage fraud. One of them was fined £130,000 and the total number of brokers to have been banned this year is now 91. Click here to read the full report by 'IFAonline' published on 5...

 The purpose of Requisitions on Title is for the Buyer’s Conveyancing Solicitor or conveyancer to raise any queries relating to the title supplied by the Seller, which they have found to be unsatisfactory. On a practical level, requisitions on title are also used to deal with the...

There are a number of issues to consider where a sub sale is involved during the purchase conveyancing process.Always instruct a Conveyancing Solicitor with relevant experience in this area. Who are the Parties?Firstly, it is important to understand who the parties are:The Buyer – is the...