We have rather assertive sellers who has suggested a lock out contract with a down payment two thousand pounds. Are such agreements appropriate for Coxhoe conveyancing transactions?
There are a couple of main concerns with executing a lock out agreement (occasionally referred to as a no-shop agreement) is that it can distract from making progress with the conveyancing process, so in the absence of it needing minimal or no negotiation then it could transpire to be a cause of frustration and delay. It is not particularly popular by Coxhoe conveyancing practitioners for this reason. A supplemental concern is the extent of the remedies available - a jilted purchaser is not likely to be issued with injunctive relief to bar the seller selling to a third party, so the only remedy open via the contract will be the reimbursement of wasted charges and, in limited situations, the additional payment of penalties.
What does a local search tell me about the property I am buying in Coxhoe?
Coxhoe conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search is essential in every Coxhoe conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I am buying a new build apartment in Coxhoe. Conveyancing is daunting 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 conveyancing.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Coxhoe
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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.
I decided to have a survey done on a property in Coxhoe before retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor advised that some banks may refuse to give a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Coxhoe. Conveyancing may be slightly more expensive based on your lender's requirements.
Living abroad it is not practicable to attend my Coxhoe conveyancing lawyers office to execute documents for conveyancing in Coxhoe – is this a problem?
Not a problem. Coxhoe conveyancing lawyers can conduct home moves for clients across the country. It is not necessary for you to be able to visit a Coxhoe conveyancers office. They can deal with all communications remotely from their Coxhoe office.