The owners have rather assertive sellers who has recommended a exclusivity contract with a deposit 10k. Are such agreements sensible?
Exclusivity contracts are agreements between a home vendor and purchaser giving the buyer exclusive rights to purchase the premises for a certain period of time. For all intents and purposes, an exclusivity is a document specifying that you will receive a contract at a later time which is the main conveyancing contract. It tends to be utilised for buyer confidence though in many situations, the proprietor may enjoy an upside from such agreements as well. There are various positives and negatives to having an agreement but you should to check with your lawyer but note that it may result in costing you more in conveyancing charges. For these reasons these contracts are avoided when it comes to conveyancing in Kingston.
Having sold my house in Kingston last November but our buyer keeps e-mailing every few hours complaining that their solicitor needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your sale your conveyancer is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. If applicable, your conveyancer should also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There is unlikely to be post completion formalities just for conveyancing in Kingston.
A colleague suggested that if I am buying in Kingston 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 occasionally quoted for as part of the standard Kingston conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Kingston around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Kingston Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Kingston.
four months have gone by since my purchase conveyancing in Kingston took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 property 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.
I am looking at a two flats in Kingston both have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Kingston. The lease is a right to use the premises for a period of time. As the lease shortens the marketability of the lease decreases and it becomes more expensive to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this field.
Kingston Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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What is the yearly maintenance fee and ground rent? Who is in charge of the block? How many of the leaseholders are in arrears for their service charge payments?
Can I establish who owns a property in Kingston?
As long as the premises is registered with the Land Registry, and you have requisite information of the location of the premises, you will be able to view details from the HM Land Registry of the recorded proprietor for a a minimal charge.