We have rather assertive vendors who has recommended a preliminary agreement with a payment two thousand pounds. Are such arrangements appropriate for Bedmond conveyancing transactions?

Exclusivity agreements are agreements binding a property seller and prospective buyer giving the buyer a ‘clear field’ to the sale of the premises within a prescribed time frame. For all intents and purposes, an exclusivity is a document specifying that you should receive a contract at a later time being the main conveyancing contract. It tends to be used for buyer confidence though in some cases, the seller may stand to benefit from such agreements as well. There are numerous positives and negatives to having an agreement but you should to check with your conveyancer but beware that it may result in costing you more in conveyancing charges. In light of these reasons these agreements are not popular when it comes to conveyancing in Bedmond.

I own a freehold property in Bedmond yet charged rent, why is this and what is this?

It’s unusual for properties in Bedmond and has limited impact for conveyancing in Bedmond but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.

Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.

My husband and I are first time buyers - agreed a price, yet the selling agent informed us that the seller will only move forward if we use their recommended conveyancers as they want a ‘quick sale’. We would rather use a local solicitor accustomed to conveyancing in Bedmond

It is improbable the sellers are driving this. Should the seller desire ‘a quick sale', turning down a serious buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to appoint your preferred Bedmond conveyancing solicitors - as opposed tothose that will give the estate agent a commission or meet his conveyancing targets set by senior management.