We have very assertive sellers who has insisted on a exclusivity contract with a deposit two thousand pounds. Are such agreements sensible?
This kind of preliminary agreement is not the norm in Durrington, conveyancers are not keen on them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the owner has entered into an exclusivity contract they will complete the sale with you. They may be motivated to break the agreement if they are offered sufficient incentive to do so because an aggrieved claimant with the benefit of a lockout agreement will still have to show losses as a consequence of the breach and this may not amount to the extra amount that your seller may gain by breaching the contract, no matter how morally unworthy it undoubtedly is.
I am purchasing a flat and require a conveyancing solicitor in Durrington who is on the Aldermore solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Aldermore in certain locations such as Durrington. We dont recommend any particular firm.
My friend recommended that where I am buying in Durrington I should ask my conveyancer to 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 occasionally included in the estimate for your Durrington conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Durrington around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Durrington.
My wife and I own a 4 bedroom Victorian house in Durrington. Conveyancing solicitor represented me and Birmingham Midshires. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Birmingham Midshires to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Durrington and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing lawyer who conducted the purchase.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Durrington is the location of the property. Is there any guidance you can give?
Flying freeholds in Durrington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Durrington you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Durrington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How diverse are the property law services that Durrington conveyancing practices deal with?
Almost all Durrington conveyancing solicitors will provide various legal advice to home and land owners, sellers, buyers, landlords and leaseholders including the following:
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Private sale conveyancing in Durrington or wider afield
Home purchase conveyancing in Durrington and also around the country
‘Buy to let’ and investment property matters Lifetime mortgages Shared ownership and shared equity scheme Voluntary first registration of land