We have rather brash sellers who has recommended a exclusivity contract with a payment of 5k. Is it wise to enter into such agreements?
There are a couple of main downsides with entering into any lock out contract (sometimes termed a no-shop agreement) is that it diverts attention away from progressing with the conveyancing work, so unless it requires little or no negotiation then it could turn out to be a cause of frustration and delay. It is not strongly advocated by Fleet conveyancing lawyers as a result. The other main concern is the extent of the remedies available - a jilted purchaser is very unlikely to be issued with an injunction to prohibit the vendor selling to another buyer, so the only remedy available under the contract will be the recovery of abortive costs and, in limited scenarios, the extra payment of penalties.
It has been four months following my purchase conveyancing in Fleet completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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 element on a property I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Fleet is where the house is located. Can you offer any advice?
Flying freeholds in Fleet are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fleet you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fleet may ascertain 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 difficult is it to swap conveyancer as I have to appoint a firm on the Accord Mortgages Ltd conveyancing panel. I instructed a family conveyancing solicitor in Fleet round the corner but he is not approved by Accord Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Fleet on the Accord Mortgages Ltd panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Fleet. In utilising search facility on this website, you can contrast costs for conveyancing solicitors in Fleet and beyond.
I’m about to sell my basement apartment in Fleet. Conveyancing has not commenced, but I have recently had a half-yearly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual because all rents and maintenance 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 unless 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. This will smooth the conveyancing process.
I bought a 1st floor flat in Fleet, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Fleet with a long lease are worth £202,000. The ground rent is £60 invoiced annually. The lease expires on 21st October 2083
With only 57 years unexpired we estimate the premium for your lease extension to span between £28,500 and £33,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.
Our conveyancing in Fleet is set to complete this Friday, but the couple I am buying from wishes to vacate 24 hours later at PM. Should I agree to such a plan?
It is not possible to complete on a Saturday because the bank systems are not working.