The owners have rather brash vendors who has insisted on a exclusivity contract with a deposit two thousand pounds. Is it wise to enter into such agreements?
Exclusivity contracts are contracts binding a property seller and prospective acquirer giving the buyer a ‘clear field’ to the sale of the property within an agreed time frame. Essentially, a lock out agreement is a contract specifying that you will have a contract at a later date being the main conveyancing contract. It tends to be utilised for buyer protection though in many situations, the owner may enjoy an upside from such agreements as well. There are numerous pros and cons to using an agreement but you should to check with your lawyer but beware that it may result in incurring more in conveyancing fees. In light of this these agreements are rare when it comes to conveyancing in Wendover.
My lender has suggested solicitors on their panel based in Wendover but I would rather use a conveyancing lawyer in Wendover or nearer to where I live. Can you help?
Not all Wendover conveyancing practices are approved and listed on all lender’s conveyancing panel. Do make the most of our find an approved solicitor tool to find a Wendover conveyancing conveyancer on the on the bank panel.
five months have elapsed following my purchase conveyancing in Wendover took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Wendover I like with open areas and railway links nearby, the downside is that it only has 52 years on the lease. There is not much else in Wendover suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I am using a search engine for the words on line conveyancing in Wendover it brings up numerous property lawyersin the area. With so much choice what is the best way to find the right solicitor for me?
The ideal way of seeking a suitable conveyancer is via trusted recommendation, so enquire of colleagues and family who have acquired a property in Wendover or the reputable estate agent or mortgage broker. Fees for conveyancing in Wendover differ, so it's a good idea to obtain a minimum of four estimates from different companies. Be sure to secure confirmation that the costs are guaranteed not to escalate.
Can you clarify the variety of conveyancing undertaken by Wendover conveyancing companies?
Almost all Wendover conveyancing firms tend to handle various legal advice to home and land proprietors, vendors, purchasers, landlords and leaseholders and you can expect them to offer expert advice on some of the following services:
Residential sale conveyancing in Wendover and beyond
Property purchase conveyancing in Wendover and further afield
Drafting and advising on leases and tenancy agreements Remortgaging including checking title details and obtaining the necessary searches to satisfy your bank Staircasing and Equity Loan Redemption Advice on purchasing property as co-owners