We have very assertive sellers who has recommended a exclusivity contract with a payment 10k. Is it wise to enter into such agreements?
This type of arrangement is not the norm in Crowthorne, conveyancers are often found to direct clients away from them as they divert attention from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no guarantee that just because the seller has entered into an exclusivity agreement they will complete the sale with you. They may be motivated to break the agreement if they receive sufficient financial inducement to do so because an aggrieved claimant with the benefit of a exclusivitycontract will still be obliged show losses as a consequence of the breach and this may not equate the financial benefit that the owner may secure by reneging on the contract, no matter how morally reprehensible it undoubtedly is.
I am considering applying for a Nationwide mortgage for purchase of a newly converted (under development) in Crowthorne with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
About to purchase a new build apartment in Crowthorne. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Crowthorne
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
As co-executor for the estate of my father I am disposing of a residence in Swansea but I am based in Crowthorne. My solicitor (approximately 260 kilometers awayneeds me to sign a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Crowthorne to witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are based in Crowthorne
Completion is due on the disposal of our £175,000 apartment in Crowthorne in 10 days. The freeholder has quoted £300 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Crowthorne?
Crowthorne conveyancing on leasehold flats more often than not necessitates the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be willing to do so. They may charge a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some cases it exceeds £800. The administration charge invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, otherwise the charge is not strictly payable. Reality however dictates that you have no choice but to pay whatever is demanded if you want to exchange contracts with the buyer.
I invested in buying a studio flat in Crowthorne, conveyancing was carried out August 1999. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Crowthorne with over 90 years remaining are worth £222,000. The ground rent is £50 yearly. The lease ends on 21st October 2094
With 70 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should 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.
My brother purchased his flat in Crowthorne 7 years ago. He has got married, widowed and has recently remarried. He now wishes to the sell the Crowthorne property. I suspect that he will simply be requested to supply copies of the marriage certificates to the property lawyer however he is concerned it could delay the home sale. Should he appoint a solicitor to update the Land Registry details for the house?
You are not required to bring up to date the register on the basis that you have the evidence needed to demonstrate how the change of name resulted.
The purchaser’s solicitor should check the registered information and request evidence to prove the name change for example marriage certificates.