The owners have rather assertive sellers who has suggested a exclusivity contract with a deposit 6,000. Is it wise to enter into such agreements?
There are a couple of main drawbacks with executing a lock out agreement (occasionally referred to as a shut-out contract) is that it diverts attention away from making progress with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it may turn out to be unhelpful. It is not promoted by Tenterden conveyancing solicitors as a result. A supplemental concern is the extent of the remedies available - an aggrieved buyer is extremely unlikely to be issued with injunctive relief to prevent the vendor completing the sale to a third party, so the only remedy open via the contract will be the recovery of wasted charges and, in restricted scenarios, the additional payment of penalties.
My brother-in-law has suggested I instruct a conveyancing solicitor in Tenterden. I I am struggling to find out if they are accepted on the Santander approved list of lawyers. Could you assist?
The first thing you should do is e-mail your conveyancer and ask them if they can act for the lender. Alternatively please call Santander who may be able to help.
Various internet forums that I have come across warn that are the main cause of obstruction in Tenterden house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Tenterden.
Are there restrictive covenants that are commonly picked up during conveyancing in Tenterden?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Tenterden. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £305k and found one close by in Tenterden I like with open areas and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Tenterden for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
My husband and I are new to the buying process - agreed a price, but the property agent has warned us that the seller will only move forward if we appoint their recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in Tenterden
It is unlikely the vendors are behind this. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Try to communicate with the owners directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you are going to use your preferred Tenterden conveyancing lawyers - as opposed tothe ones that will earn the negotiator at the agency a commission or hit his conveyancing thresholds pre-set by senior management.