We have very pushy vendors who has insisted on a exclusivity agreement with a down payment 10k. Are such contracts promoted for Yiewsley conveyancing transactions?
This type of contract is unusual in Yiewsley, conveyancers will often direct clients away from them as they divert attention from the primary focus, namely conveyancing and if you end up losing your deposit then the solicitor is left exposed. Furthermore, there is no assurance that just because the proprietor has executed an exclusivity agreement they will sell to you. They may be tempted to break the agreement if they are offered a big enough incentive to do so because an aggrieved buyer with the benefit of a exclusivity agreement will still be duty bound to establish consequential losses from the breach and this may not amount to the extra amount that your seller may gain by breaching the contract, no matter how morally reprehensible that may be.
I am the registered owner of a freehold premises in Yiewsley but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Yiewsley and has limited impact for conveyancing in Yiewsley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
My flat in Yiewsley is up for sale and I have accepted an offer. Will the lawyer have to be required to be on the Coventry BS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
A friend recommended that if I am buying in Yiewsley I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Yiewsley conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Yiewsley around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Yiewsley.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Yiewsley is where the house is located. Can you shed any light on this issue?
Flying freeholds in Yiewsley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Yiewsley you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yiewsley may determine 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 property.
Hoping to buy a property located in Yiewsley and I am already nervous. I couldn't find anything specific about Yiewsley. Conveyancing will be needed in due course but do you know about the Yiewsley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Yiewsley. In the meantime here are some basic statistics that we found