The sellers of the home we are hoping to buy are using a conveyancing practitioner in Brading who has recommended a preliminary agreement with a non-refundable deposit of 5k. Are such agreements promoted for Brading conveyancing transactions?

Exclusivity contracts are agreements binding a property vendor and purchaser granting the buyer the sole right to the sale of the property for a set period of time. For all intents and purposes, an exclusivity is a document stating that you will receive a contract at a later time being the main conveyancing contract. It is generally utilised for buyer confidence though in some cases, the vendor may stand to benefit from such agreements as well. There are many positives and negatives to using an agreement but you need to check with your solicitor but beware that it may end up incurring more in conveyancing fees. In light of these reasons these contracts are unusual when it comes to conveyancing in Brading.

Do lawyers ask for money up-front for conveyancing in Brading?

Where you are retaining lawyers for conveyancing in Brading your solicitor will request that you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the purchase price then this will be required immediately prior to contracts are exchanged. Any further balance that is due should be transferred a few days ahead of the completion date.

I have todayfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Brading for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?

The easiest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Brading conveyancing specialists.

I only have Sixty One years unexpired on my flat in Brading. I need to get lease extension but my freeholder is absent. What are my options?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to demonstrate that you have used your best endeavours to track down the lessor. In some cases an enquiry agent would be useful to carry out a search and prepare a report which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Brading.

Leasehold Conveyancing in Brading - Examples of Questions you should ask before Purchasing

How many of the leaseholders are in arrears for their maintenance charge payments? Does the lease include onerous restrictions? The prefered form of lease structure is where the freehold interest is in the ownership of the leaseholders. In this situation the leaseholders benefit from being in charge if their destiny and although a managing agent is usually retained where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.

Me and mypartner and I are are looking to find a quality conveyancing lawyer in Brading to assist me in selling my place. I want to avoid being ripped off and there are so many Brading conveyancing firms out there...who's the best?

A trustworthy personal recommendation via a friend or family member who has used a conveyancing solicitor previously is no doubt a preferable. You are sure to know someone who has used a conveyancing solicitor at some point. Do utilise our comparison tool for Brading conveyancing quotes