We have very brash vendors who has recommended a exclusivity agreement with a deposit of 5k. Are such agreements sensible?
This type of preliminary agreement is unusual in Long Ashton, conveyancers are not keen on them as they detract from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer is left exposed. In addition, there is no guarantee that just because the proprietor has executed a lock out agreement they will sell to you. They may breach the contract if they receive a big enough incentive to do so because a wronged buyer with the benefit of a exclusivity agreement will still be obliged show losses as a consequence of the breach and these may not equalise the extra amount that the owner may gain by breaking the agreement, no matter how morally unworthy that may be.
We are buying a property and the conveyancer has identified Chancel Repair to which the house may be liable because it falls into the area of such a church. He has mentioned insurance. Is this strictly warranted for conveyancing in Long Ashton
Unless a prior acquisition of the property completed post 12 October 2013 you could take it that solicitors conducting conveyancing in Long Ashton to remain recommending a chancel search and or chancel repair liability insurance.
four months have elapsed following my purchase conveyancing in Long Ashton completed. I have checked the Land Registry website 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 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.
How does conveyancing in Long Ashton differ for new build properties?
Most buyers of new build or newly converted property in Long Ashton come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Long Ashton typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Long Ashton or who has acted in the same development.
Given that I will soon part with over three hundred thousand on 3 bedroom house in Long Ashton I would like to have a conversation with the conveyancer concerning thehouse move in advance of appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the lawyer due to be doing your property ownership legalities in Long Ashton.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Long Ashton should be the amount on the final invoice that you are charged.
We have had DIP from Santander who said we could borrow up to £117k. When do I need to instruct a solicitor for conveyancing? Long Ashton is where we plan to move to.
It would be wise to appoint a property lawyer now and ask them to create a file on your behalf. This will enable: 1) the estate agent to issue a Sales Memo to the relevant parties 2) the seller’s conveyancer to send out the draft contract. That being said, do not ask your conveyancer to order searches until you receive your valuation report via Santander and you are willing to move forward.