We have very assertive vendors who has insisted on a exclusivity agreement with a down payment of 5k. Are such agreements sensible?
Exclusivity contracts are contracts between a property seller and purchaser granting the buyer a ‘clear field’ to the sale of the property within an agreed time frame. Essentially, an exclusivity agreement is a contract stating that you will be issued with a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer assurance though in many situations, the vendor may enjoy an upside from such agreements as well. There are many pros and cons to having them but you should to check with your lawyer but beware that it may result in incurring more in conveyancing charges. In light of these reasons these contracts are rare in relation to conveyancing in Market Harborough.
I need some quick conveyancing in Market Harborough as I am faced with a deadline to exchange contracts inside one month. Thankfully I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you are at liberty not to do searches although no solicitor would recommend that you don't. With lots of history conveyancing in Market Harborough the following are examples of issues that can arise and adversely affect future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
I purchased my home on 12 October and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Market Harborough expressed confidence that it would be registered in less than a month. Are titles in Market Harborough uniquely lengthy to register?
As far as conveyancing in Market Harborough is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust subject to the party submitting the application, whether there are errors and if the Land registry need to notify any other parties. As of today approximately three quarters of such applications are fully addressed within 12 days but occasionally there can be longer delays. Registration occurs after the buyer is living at the property therefore post completion formalities is not typically primary concern yet where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Market Harborough is where the house is located. Can you offer any advice?
Flying freeholds in Market Harborough are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Market Harborough you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Harborough may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In what way does the Landlord & Tenant Act 1954 impact my business property in Market Harborough and how can your lawyers assist?
The 1954 Act provides a safeguard to business lessees, giving them the a statutory right to apply to court for a new lease and remain in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Market Harborough is one of the numerous areas of the UK in which our lawyers have offices
In my capacity as executor for the will of my father I am selling a property in Neath but I am based in Market Harborough. My solicitor (based 200 kilometers awayneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Market Harborough to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are based in Market Harborough