The owners of the home we are hoping to buy have instructed a conveyancing practitioner in Narberth who has recommended a preliminary contract with a down payment two thousand pounds. Are such agreements generally advanced for Narberth conveyancing transactions?
Exclusivity agreements are agreements between a property owner and prospective buyer granting the buyer exclusive rights to purchase the premises for a certain period of time. For all intents and purposes, an exclusivity agreement is a contract specifying that you will have a contract at a later date which is the main conveyancing contract. It tends to be used for buyer protection though in some cases, the proprietor may stand to benefit from such agreements as well. There are many pros and cons to having an agreement but you need to check with your conveyancer but beware that it may result in costing you more in conveyancing fees. In light of this these contracts are rare in relation to conveyancing in Narberth.
Is there a reason why leasehold purchase conveyancing in Narberth is more expensive?
In summary, leasehold conveyancing in Narberth and Pembrokeshire usually warrants extra due diligence compared to freehold conveyancing. This includes lease investigation, communicating with the landlord concerning the service of appropriate notices, securing up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
This question may be naive but I am unexperienced as FTB of a garden flat in Narberth. Do I receive the keys to the house on completion from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Narberth?
On the day of completion you do not need to attend the conveyancers office in Narberth. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you will be able to collect the keys from the selling Agents and start moving into the property. Usually this happens early afternoon.
A relative informed me that in purchasing a property in Narberth there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are anumerous of properties in Narberth which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Narberth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After months of negotiation I have agreed a price on a house in Narberth. My financial adviser suggested a solicitor. I paid an on account payment of £200. Shortly after, the property lawyer contacted me to say that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Wolstenholmes several years past for my conveyancing in Narberth. I now require my file however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Narberth of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey carried out on a property in Narberth prior to retaining lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks tend refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Narberth. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my grandfather I am disposing of a house in Swansea but live in Narberth. My solicitor (who is 300 kilometers from mehas requested that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Narberth who can attest this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are Narberth based