The owners of the home we are hoping to buy are using a conveyancing firm in Bodfari who has insisted on a exclusivity agreement with a payment of 5k. Are such agreements sensible?
This type of preliminary agreement is unusual in Bodfari, conveyancers will often try and steer clients away from them as they detract from the primary focus, namely conveyancing and if you end up losing your deposit then the solicitor is left exposed. In addition, there is no assurance that just because the owner has entered into an exclusivity agreement they will sell to you. They may breach the agreement if they are offered sufficient incentive to do so because an aggrieved claimant with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and this may not compare to the extra amount that the owner may secure by breaking the contract, however morally unworthy it undoubtedly is.
My friend recommended that if I am buying in Bodfari I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Bodfari conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Bodfari around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bodfari Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Bodfari Education with maps and statistics, Local Amenities and other useful data concerning Bodfari.
I used Stirling Law a few years past for my conveyancing in Bodfari. I now require my file however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bodfari of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I need to instruct a conveyancing solicitor for residential conveyancing in Bodfari. I have land on a web site which appears to be the perfect answer If there is a chance to get all formalities done via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just started marketing my 2 bed apartment in Bodfari. Conveyancing lawyers have not yet been instructed, however I have recently had a quarterly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual given that all rents and service invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a 2 bed flat in Bodfari, conveyancing was carried out in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Bodfari with a long lease are worth £216,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2095
With only 70 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt 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 without first seeking the advice of a professional.
My plan is to purchase a garden maisonette in Bodfari. Conveyancing lawyer is awaiting, from the vendor, building insurance paperwork. Earlier today I was advised that the vendor must forward the insurance documents for the flat above in addition. Why does my property lawyer want to see the insurance for the other flat? Is it strictly necessary? We have been stalled for the previous month…
It is not impossible in leasehold conveyancing in Bodfari to discover Conveyancing in Bodfari in a minority of cases reveals that the lease requires the tenant's to insure their individual flats rather than the landlord insuring the entire block - which is clearly preferable. You should check with your solicitor but it would seem that your solicitor is attempting to verify that the entire building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated due to lack of insurance.