The sellers of the property we are looking to purchase have instructed a conveyancing practitioner in Crowborough who has recommended a exclusivity contract with a down payment 10k. Are such arrangements appropriate for Crowborough conveyancing transactions?
This type of arrangement is unusual in Crowborough, conveyancers are not keen on them as they divert attention from the main conveyancing focus and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. Secondly, there is no guarantee that just because the proprietor has signed a lock out agreement they will complete the sale with you. They may breach the contract if they are offered a big enough financial inducement to do so because an aggrieved purchaser with the benefit of a lockout agreement will still have to show losses as a consequence of the breach and these may not equalise the extra amount that the owner may gain by reneging on the agreement, no matter how morally reprehensible the behaviour is.
A relative recommended that where I am buying in Crowborough I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Crowborough conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Crowborough around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Crowborough Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Crowborough Education with maps and statistics, Local Amenities and other useful information concerning Crowborough.
How does conveyancing in Crowborough differ for new build properties?
Most buyers of new build premises in Crowborough come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Crowborough tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Crowborough or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Crowborough is the location of the property. Is there any guidance you can impart?
Flying freeholds in Crowborough are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Crowborough you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crowborough may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What does commercial conveyancing in Crowborough cover?
Crowborough conveyancing for business premises incorporates a broad range of services, offered by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.