We have rather assertive sellers who has insisted on a exclusivity contract with a down payment 10k. Are such agreements sensible?
Exclusivity agreements are agreements between a home seller and purchaser granting the buyer exclusive rights to the sale of the premises within an agreed time frame. For all intents and purposes, a lock out agreement is a contract stating that you will be issued with a contract at a later date which is the contract for the actual sale. It tends to be used for buyer confidence though in some cases, the seller may enjoy an upside from such agreements as well. There are many positives and negatives to using them but you should to check with your conveyancer but note that it may result in costing you extra in conveyancing fees. In light of these reasons these agreements are unusual when it comes to conveyancing in Aberdare.
A relative recommended that where I am purchasing in Aberdare I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Aberdare conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Aberdare around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Aberdare Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Aberdare.
My wife and I own a renovated Georgian property in Aberdare. Conveyancing solicitor acted for me and Barclays . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aberdare and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who conducted the conveyancing.
I am using a search engine for the words conveyancing in Aberdare it brings up numerous solicitorsin the vicinity. With so much choice what is the best way to find the right property lawyer for my move?
The best way of finding the right conveyancer is via trusted testimonial, so enquire of colleagues and those you trust who have purchased a property in Aberdare or the respected estate agent or mortgage broker. Fees for conveyancing in Aberdare differ, so it's sensible to obtain at least four quotes from varying types of property lawyers. Be sure to obtain confirmation that the costs are guaranteed not to increase.
My wife and I purchased a leasehold house in Aberdare. Conveyancing and Santander mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Aberdare who acted for me is not around. Any advice?
First contact HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Aberdare conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a ground floor flat in Aberdare, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding properties in Aberdare with a long lease are worth £211,000. The ground rent is £45 yearly. The lease ends on 21st October 2092
With only 67 years remaining on your lease we estimate the price of your lease extension to be between £10,500 and £12,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
I'm remortgaging a house in Aberdare. I have found my conveyancer's company on the CLC list, but I can't see my lawyer's name on the list. Should I be concerned?
Not all staff in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unlicensed staff.