We have very assertive vendors who has insisted on a exclusivity contract with a payment two thousand pounds. Is it wise to enter into such agreements?
This kind of arrangement isn't frequently used in Aberdare, conveyancers will often sway clients away from them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer is left exposed. Secondly, there is no guarantee that just because the owner has signed a lock out agreement they will complete the sale with you. They may be motivated to break the contract if they are offered sufficient incentive to do so because an aggrieved claimant with the benefit of a lockout agreement will still be obliged establish consequential losses from the breach and these may not amount to the financial upside that your seller may obtain by reneging on the agreement, no matter how morally shameful that may be.
A colleague suggested that if I am buying in Aberdare I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Aberdare conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Aberdare 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 Property Price, Crime details, Aberdare Education with maps and statistics, Local Amenities and other useful data regarding Aberdare.
My wife and I purchased a renovated Edwardian property in Aberdare. Conveyancing lawyer acted for me and Halifax. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aberdare and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing lawyer who conducted the work.
I am using a search engine for the phrase on line conveyancing in Aberdare it brings up numerous property lawyersin the vicinity. With so much choice what is the best way to find the right conveyancing solicitor for the sale of my house?
The best way of choosing the right conveyancer is through a trusted recommendation, so enquire of colleagues and relatives who have acquired a property in Aberdare or a local estate agent or mortgage broker. Charges for conveyancing in Aberdare differ, so it's advisable to obtain at least four fee calculations from different solicitors. Dont forget to clarify what costs in the quote includes.
I own a leasehold house in Aberdare. Conveyancing and Platform Home Loans Ltd mortgage organised. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Aberdare who acted for me is not around. Any advice?
First contact the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Aberdare conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a 1 bedroom flat in Aberdare, conveyancing was carried out 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Aberdare with an extended lease are worth £211,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease finishes on 21st October 2092
With just 67 years remaining on your lease we estimate the premium for your lease extension to range between £10,500 and £12,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
I'm remortgaging a flat in Aberdare. I can find my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name on the list. Is this a big problem?
Not all staff in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unlicensed staff.