The vendors of the home we are purchasing hired a conveyancing firm in Oxted who has recommended a exclusivity agreement with a payment two thousand pounds. Is it wise to enter into such agreements?
Lock out agreements are agreements between a property vendor and prospective acquirer giving the buyer the sole right to purchase the premises for a certain period of time. Essentially, a lock out is a document specifying that you will receive a contract at a later time being the contract for the actual sale. It is generally used for buyer assurance though in some cases, the vendor may enjoy an upside from such agreements as well. There are various pros and cons to having an agreement but you need to check with your solicitor but note that it may end up costing you more in conveyancing fees. For these reasons these agreements are avoided when it comes to conveyancing in Oxted.
We wanted to use a conveyancing solicitor in Oxted for our home move. Our financial adviser has since advised us that our mortgage company Halifax won't deal with them. Surely this is unduly restrictive?
A bank may insist on a panel solicitor act for it. You would be liable to bear the cost of this. Please make use of our tool to get a quote from a solicitor to carry conveyancing in Oxted on the Halifax approved list of solicitors.
My friend advised me that where I am purchasing in Oxted I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Oxted conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Oxted around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Oxted Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Oxted.
I am looking for a flat up to £235,500 and found one near me in Oxted I like with open areas and transport links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Oxted suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
In my capacity as executor for the estate of my aunt I am disposing of a house in Cardiff but I am based in Oxted. My solicitor (who is 200 kilometers awayrequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Oxted to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Oxted
Is there a difference between surveying and conveyancing in Oxted?
Conveyancing - in Oxted or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the buying price down or asking the vendor to remedy the defects before you move in.