The owners have very pushy vendors who has recommended a exclusivity agreement with a deposit of 5k. Are such arrangements generally advanced for Aberaeron conveyancing transactions?

There are two main downsides with signing a lock out contract (also known as a shut-out contract) is that it takes away the focus from progressing with the conveyancing process, so unless it requires little or no negotiation then it may turn out to be a cause of frustration and delay. It is not promoted amongst Aberaeron conveyancing practitioners for this reason. A further concern is the extent of the remedies available - a jilted purchaser is not likely to win an injunction to stop the seller completing the sale to an alternative purchaser, so the only remedy open via the agreement will be the reimbursement of wasted charges and, in rare circumstances, the additional payment of penalties.

My colleague suggested that if I am purchasing in Aberaeron I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is sometimes included in the estimate for your Aberaeron conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Aberaeron around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local 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 Aberaeron.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Aberaeron. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Aberaeron

Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?

As co-executor for the estate of my grandmother I am disposing of a house in Swansea but I am based in Aberaeron. My lawyer (approximately 200 miles awayhas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Aberaeron to witness this legal document for me?

strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Aberaeron based

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great price which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Aberaeron. Conveyancing advisers have are about to be instructed. Will they explain the issues?

The majority of houses in Aberaeron are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Aberaeron so you should seriously consider looking for a Aberaeron conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’sconsent to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer should appraise you on the various issues.

Aberaeron Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing

How is the lease structured? It is important to be aware whether window replacement or some other major work is due in the foreseeable future that will be shared by the tenants and may well materially increase the the maintenance fees or result in a one off payment.