The vendors of the property we are hoping to buy have appointed a conveyancing firm in Cross Keys who has insisted on a exclusivity agreement with a down payment 6,000. Is it wise to enter into such agreements?

Exclusivity agreements are agreements between a home seller and prospective acquirer granting the buyer exclusive rights to purchase the property within a prescribed time frame. For all intents and purposes, a lock out is a document specifying that you should receive a contract at a later time being the main conveyancing contract. It tends to be utilised for buyer assurance though in some cases, the proprietor may stand to benefit from such agreements as well. There are various positives and negatives to using them but you should to check with your solicitor but beware that it may end up costing you more in conveyancing fees. In light of this these agreements are not popular when it comes to conveyancing in Cross Keys.

When will exchange of contracts happen for purchase conveyancing in Cross Keys and am I required to attend the solicitors office?

If you are round the corner to our conveyancing solicitors in Cross Keys you are welcome to come in to sign documents. However, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and provide as equally diligent and professional a job for you when communicating with you by post or email. The executing of the contract is not the critical part. Signing on the dotted line is necessary for the solicitor to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Cross Keys)to be in the office at the appropriate time.

I am buying a new build apartment in Cross Keys. 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 conveyancing.

Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Cross Keys

Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

In my capacity as executor for the estate of my grandfather I am selling a property in Newport but I am based in Cross Keys. My lawyer (based 235 kilometers awayhas requested that I execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in Cross Keys to attest and place their company stamp on the document?

Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Cross Keys

I am due to assess quotes for conveyancing in Cross Keys from various property lawyer and appoint one. Am I right to get them to hold tight until I I have my bid accepted on a apartment.

You should wait to get your lawyer to open a file and order searches once the sales memo has been issued by the estate agent especially as Cross Keys conveyancing searches are costly.