The sellers of the property we are purchasing hired a conveyancing firm in Chatham who has recommended a exclusivity agreement with a down payment 6,000. Are such agreements sensible?
Lock out contracts are agreements binding a property owner and purchaser giving the buyer exclusive rights to purchase the property within an agreed time frame. Essentially, a lock out agreement is a contract specifying that you will receive a contract at a later time being the main conveyancing contract. It tends to be utilised for buyer assurance though in some cases, the owner may enjoy an upside from such agreements as well. There are numerous pros and cons to using an agreement but you should to check with your solicitor but note that it may end up incurring extra in conveyancing fees. In light of this these contracts are rare in relation to conveyancing in Chatham.
Completed the sale of my flat in Chatham last January yet the purchaser is whats apping daily to moan that her lawyer needs to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your sale your lawyer is committed to send the transfer documentation and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor should also send confirmation that the legal charge in favour of the lender has been repaid to the buyers solicitors. There is unlikely to be post completion requirements just for conveyancing in Chatham.
My wife and I have a 4 bedroom Georgian property in Chatham. Conveyancing solicitor represented me and Bank of Scotland. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching address. Is it worth asking Bank of Scotland to clarify?
You should assess the Freehold register you have again and check the Charges Register for 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 Chatham and other areas of the country and poses no real issues for owners other than when they mortgage 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 practitioner who conducted the conveyancing.
We're new on the property ladder - agreed a price, yet the selling agent informed us that the seller will only proceed if we instruct their chosen solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Chatham
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', turning down a serious purchaser is likely to cause more damage than good. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Chatham conveyancing solicitors - not the ones that will earn their negotiator at the agency a introducer fee or achieve conveyancing targets demanded by corporate headquarters.
All being well we will complete the sale of our £175,000 flat in Chatham next week. The management company has quoted £360 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Chatham?
Chatham conveyancing on leasehold flats ordinarily involves administration charges raised by managing agents :
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Addressing pre-contract questions
Where consent is required before sale in Chatham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a leasehold flat in Chatham, conveyancing formalities finalised in 2011. Can you work out an approximate cost of a lease extension? Equivalent properties in Chatham with over 90 years remaining are worth £222,000. The ground rent is £50 yearly. The lease ends on 21st October 2095
With 70 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
I need to find a bank panel solicitor in Chatham. Can you assist?
Unfortunately it’s not apparent why you need a Chatham panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Chatham are on their panel . If you do find such a firm in Chatham not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site