We have very assertive sellers who has suggested a preliminary agreement with a non-refundable deposit 10k. Are such agreements sensible?
There are two main concerns with executing a lock out contract (occasionally known as a no-shop agreement) is that it takes away the focus from progressing with the conveyancing transaction itself, so in the absence of it needing limited or no negotiation then it may transpire to be a cause of frustration and delay. It is not strongly advocated by Martlesham conveyancing solicitors as a result. The other main issue is the extent of the remedies available - a jilted buyer is extremely unlikely to obtain injunctive relief to stop the owner selling to an alternative purchaser, so the only remedy open via the agreement will be the reimbursement of wasted costs and, in rare situations, the additional payment of damages.
We note that you have a post code search directory identifying firms on the Kent Reliance conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Martlesham?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Martlesham.
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Martlesham I like with a park and railway links in the vicinity, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Martlesham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
We're novice buyers - agreed a price, yet the selling agent has warned us that the owners will only issue a contract if we use the agent's preferred lawyers as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Martlesham
It is unlikely the vendors are driving this. If they want ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you are going to instruct your preferred Martlesham conveyancing firm - rather thanthe ones that will give their negotiator at the agency a commission or achieve conveyancing targets pre-set by corporate headquarters.
Helen (my wife) and I may need to sub-let our Martlesham garden flat for a while due to taking a sabbatical. We used a Martlesham conveyancing firm in 2001 but they have closed and we did not think at the time seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Even though your last Martlesham conveyancing solicitor is no longer available you can review your lease to check if you are permitted to let out the property. The accepted inference is that if the lease is non-specific, subletting is allowed. Quite often there is a prerequisite that you must obtain permission from your landlord or other appropriate person in advance of subletting. This means you not allowed to sublet without prior consent. The consent should not be unreasonably withheld. If your lease does not allow you to sublet you should ask your landlord for their consent.
Martlesham Leasehold Conveyancing - A selection of Queries before Purchasing
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Where a Martlesham lease has less than eighty years it will have adverse implications on the value of the flat. Check with your lender that they are content with the length of the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering what this would cost. For most Martleshamlease extensions you will be be obliged to have owned the property for 24 months before you are entitled to exercise a lease extension. How much is the maintenance charge and ground rent on the property?
At long last a mortgage offer from a lender for the refinancing of my 2 bedroom flat is due by the end of next week. Are you able to suggest a low cost remortgage conveyancing practitioner in Martlesham ?
You are on the wrong site if you are in need of a cheap conveyancing in Martlesham. We can offer you excellent value conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Martlesham.In your best case scenario, in going for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for extras and still not get the service required.