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Residential Conveyancing Case Studies
CASE STUDY ONE
A client called our firm for last-minute advice on a property he was keen to buy at auction. A first-time buyer, he knew nothing about the process.
How We Helped
We advised the client the legal implications of the auction process and the steps that would follow if his bid was successful. The property was leasehold, so we advised him on the terms of the lease and service charge information. We also highlighted the special conditions in the auction contract. Our client won the bid and later consulted us on the conveyancing.
Just before completion of the sale, the client's lender announced they would not lend until an issue was resolved. With just days to go, our client looked as if he would complete late and face penalty charges. We spoke to our contacts in the property industry to get their practical advice on solving the issue. We also persuaded the lender to help. We advised the client that if the lender did not lend, the client would be in breach of contract and sued for late completion — and he might lose his deposit.
With careful negotiation, our solicitors persuaded the other side to withhold charging penalties for late completion. We worked with the client and the lender to chase up all the reports. This meant that completion could take place on time thereby avoiding the cost of the penalties. The action ensured HPLP's client did not lose his deposit or his new home.
CASE STUDY TWO
Our firm was contacted by a client selling her property. She had yet to find a place to buy but feared losing her buyer who wanted to move quickly.
How We Helped
Two weeks later, our client found a property she wanted to buy, but it had to be tied in with a sale. Thanks to our state-of-the-art technology, we were able to order and receive searches and contracts online and by email. Because of our proximity to the City, our client was able to drop by to sign documents at short notice.
Both sale and purchase were completed quickly and simultaneously.