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Author Archives: Mahinan Pathmanathan
What if the property purchase deposit cheque bounces?
When a Deposit cheque bounces, it provides an opportunity for the seller to either keep the contract alive or treat the contract as discharged. The seller may also sue the buyer for damages & compensation. The contract should specify details … Continue reading
How to pay deposit amount in conveyancing transaction?
The deposit money should be electronically transferred from the buyer’s solicitor account to the seller’s solicitor account, or by a cheque that is drawn in favour of the seller’s solicitor bank account. As per SCPC 2.2.2 the deposit should be … Continue reading
When can a conveyancer hold the deposit amount?
A conveyancer can hold the deposit money in the following ways: a) As agent for seller b) As agent for buyer c) And as stakeholder. In most cases, the deposit is paid to the seller’s conveyancing lawyer who holds it … Continue reading
All you need to know about deposit amount in conveyancing
It is common for the buyer to pay the seller a token amount as a deposit to assure him that he intends to purchase the property. Such deposit money is usually 10% of the total purchase price. Although not warranted … Continue reading
Documents in a property mortgage transaction
The number of documents used in a property mortgage transaction depends on the nature of the mortgage, the mortgage amount, and the number of properties to be mortgaged. In most residential transactions, a single mortgage deed in the lender’s standard … Continue reading
Leasehold Conveyancing, Sumatra Road, London Borough of Camden
View Larger Map On 21st September 2006, a client instructed a Phew! Conveyancing solicitor to assist in the purchase of a property located on Sumatra Road, London. The property was bought by the client for £ 303000. The London Borough … Continue reading
Residential Conveyancing, Orpington, London Borough of Bromley
View Larger Map On 3rd May 2007, a client instructed a Phew! Orpington Conveyancing solicitor to assist in the purchase of a property located on Amherst Drive, Orpington, London. The property was bought for £249905 by the client. The London … Continue reading
Residential Conveyancing, Northfield Avenue, London Borough of Bromley
View Larger Map On 13th December 2007, a client instructed a Phew! Colindale Conveyancing solicitor to assist in the purchase of a property located on Northfield Avenue, Colindale, London. The property was bought for £ 205000 by the client. The … Continue reading
Freehold Conveyancing, Wembley, London Borough of Brent
View Larger Map On 13th September 2010, a client instructed a Phew! Wembley Conveyancing solicitor to assist in the purchase of a property located on Woodside End, Wembley, London. The property was bought for £ 290000 by the client. The … Continue reading
Residential Conveyancing, Wembley, London Borough of Brent
View Larger Map On 19th August 2009, a client instructed a Phew! Wembley Conveyancing solicitor to assist in the purchase of a property located on Thomas A Beckett Close, London. The property was bought by the client for £ 180000. … Continue reading
Leasehold Conveyancing, Dartford, London Borough of Bexley
View Larger Map On 3rd September 2007, a client instructed Phew! Dartford Conveyancing solicitor to assist in the purchase of a property located on Woodfall Drive, London. The property was bought by the client for £ 149000. The London Borough … Continue reading
Residential Property Conveyancing, Russell Close, London Borough of Bexley
View Larger Map On 1st April 2008, a client instructed Phew! Bexleyheath Conveyancing solicitor to assist in the purchase of a property located on Russell Close, London. The property was bought by the client for £ 165950. The London Borough … Continue reading
Leasehold Property Conveyancing – Leigham Court Road, Lambeth
View Larger Map On 27th June, 2008, the conveyancing team at Phew! was advised by a client to assist in the purchase of a leasehold residential property located in Leigham Court Road, London Borough of Lambeth. The property purchased by … Continue reading
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