The owners have very assertive sellers who has suggested a exclusivity agreement with a payment of 5k. Are such contracts appropriate for Filey conveyancing transactions?
There are two main drawbacks with entering into any lock out contract (occasionally known as a shut-out contract) is that it takes away the focus from making progress with the conveyancing transaction itself, so unless it requires little or no negotiation then it may turn out to be a hindrance. It is not promoted by Filey conveyancing lawyers for this reason. A further negative is the extent of the remedies available - an aggrieved buyer is not likely to win an injunction to prevent the owner disposing of the property to an alternative purchaser, so the only remedy available under the contract will be the reimbursement of wasted charges and, in limited circumstances, the additional payment of damages.
2 months have gone by following my purchase conveyancing in Filey completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Filey is the location of the property. Can you offer any guidance?
Flying freeholds in Filey are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Filey 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 Filey may decide 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.
As co-executor for the estate of my grandmother I am disposing of a property in Cardiff but live in Filey. My conveyancer (based 260 kilometers awayrequires that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Filey who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Filey
I am hoping to sign contracts shortly on a garden flat in Filey. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Filey should include some of the following:
-
Responsibility for repairing the window frames Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Does the lease prevent you from subletting the flat, or working from home Does the lease prohibit wood flooring? Setting out your legal entitlements in respect of common areas in the block.For example, does the lease grant a right of way over an accessway or hallways?
I invested in buying a garden flat in Filey, conveyancing formalities finalised 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Filey with a long lease are worth £181,000. The ground rent is £55 yearly. The lease terminates on 21st October 2076
With 51 years unexpired the likely cost is going to range between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
We are in the process of buying a flat in Filey. Conveyancing is not yet done but we wish to have the amount we are are purchasing for confidential from sites such as Zoopla. How could this be achieved ?
The Land Registry are legally obliged to reveal price sold information on the official title for residential properties countrywide which includes premises in Filey. The Title Register is a public document, so HMLR would be breaking the law if they did not grant access to the register.
You can ask HMLR to hide the amount paid data yet the answer would be a No.