The vendors of the property we are purchasing are using a conveyancing firm in Longford who has suggested a exclusivity contract with a deposit of 5k. Are such agreements sensible?
There are two primary drawbacks with signing a lock out contract (sometimes known as an exclusivity agreement) is that it diverts attention away from making progress with the conveyancing work, so unless it requires little or no negotiation then it may transpire to be a hindrance. It is not promoted by Longford conveyancing solicitors as a result. A further negative is the extent of the remedies available - an aggrieved purchaser should not expect to be granted an injunction to prevent the seller disposing of the property to a third party, so the only remedy available under the agreement will be the recovery of abortive costs and, in rare scenarios, the extra payment of damages.
We are planning on selling our home in Longford and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Longford conveyancer would know this is not the case. It does beg the question why the purchasers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Longford. Having lived in Longford for many years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have todaydiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Longford for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The quickest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Longford conveyancing specialists.
How does conveyancing in Longford differ for new build properties?
Most buyers of new build or newly converted property in Longford approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Longford tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Longford or who has acted in the same development.
My step-father has urged me to use his conveyancers in Longford. Should I choose my own solicitor?
Much as we are happy to recommend a Longford conveyancing lawyer the ideal way to find a conveyancing lawyer is to seek feedback from friends or relatives who have used the firm that you are contemplating using.
Back In 2008, I bought a leasehold house in Longford. Conveyancing and Lloyds TSB Bank mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Longford who previously acted has long since retired. What should I do?
First contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. It is not necessary to instruct a Longford conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Longford. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Longford conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Longford property is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case affected 2 flats. The unexpired residue of the current lease was 69 years.