The owners have rather brash sellers who has insisted on a exclusivity contract with a payment of 5k. Are such agreements sensible?
This kind of preliminary agreement isn't common in Alton, conveyancers will often sway clients away from them as they detract from the main conveyancing focus and if you end up losing your deposit then the solicitor is left exposed. Secondly, there is no guarantee that just because the owner has executed an exclusivity agreement they will sell to you. They may breach the contract if they are offered a large enough financial inducement to do so because an aggrieved claimant with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and these may not equate the financial upside that the owner may secure by breaking the contract, no matter how morally shameful the behaviour is.
Can I use your services to find a Conveyancing solicitor in Alton even where I’m not purchasing or disposing of a house, for instance where I want to acquire an office in Alton with a mortgage from Lloyds TSB Bank?
Our comparison service is primarily utilised to get a quote from residential conveyancing solicitors in Alton but we have recorded towards the end of this page some Alton commercial conveyancing firms. You will need to make contact with the company directly to establish if they can also act for Lloyds TSB Bank
Having spent time researching moneysavingexpert.com for an affordable solicitor in Alton, many post that I should look for a CQS assured solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home moving process, trusted by some of the UK's major banks. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). The scheme does not cover licenced conveyancers. Alton is one of the numerous areas of the UK where there are CQS solicitors.
I am looking for a flat up to £235,500 and found one near me in Alton I like with open areas and transport links nearby, however it's only got 61 remaining years left on the lease. There is not much else in Alton in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to 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 speak to your conveyancing solicitor about this.
Last July I purchased a leasehold flat in Alton. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Alton Leasehold Conveyancing - Sample of Queries before buying
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Generally speaking the outlay for major works are not included within maintenance charges, although there some managing agents in Alton obliged tenants to pay into a reserve fund created for the specific purpose of building a fund for major repairs or maintenance. Who is in charge of the block?
Me and my wife have just had an offer agreed on a house and had meeting on Wednesday with Leeds Building Society for the mortgage. They warned us that when it comes to selecting a lawyer that unless they are on their approved panel of solicitors then we will have to pay out an additional charge of £200. This is is due to the fact that they would then have to instruct a solicitor to act for them in addition to the one we choose to act on our behalf and we will be on the hook for their fees. I have asked Leeds Building Society to supply me with a list so I can seek estimates only from their approved solicitors but was told that I need to check with each individual conveyancer to see if they are on the panel. Is their an easier way of going about this?
You should ask Leeds Building Society what their panel criteria is for a solicitor.Thereafter ask the conveyancing practitioner of your choice whether they fit that criteria and have they acted on mortgages for Leeds Building Society before. If the answer to those is yes, then just clarify this with Leeds Building Society. Alternatively please utilise our search facility and we should be able to identify a conveyancing practitioner in Alton on the panel for Leeds Building Society.