We have very assertive sellers who has insisted on a exclusivity agreement with a deposit 10k. Are such agreements sensible?
This type of agreement isn't common in Comberton, conveyancers will often direct clients away from them as they detract from focusing on the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor at best left with an upset client and at worst a litigious one. In addition, there is no assurance that just because the owner has entered into an exclusivity agreement they will complete the sale with you. They may breach the agreement if they are offered sufficient offer to do so because a wronged buyer with the benefit of a exclusivitycontract will still be duty bound to establish consequential losses from the breach and these may not equalise the financial benefit that your vendor may obtain by breaching the agreement, no matter how morally shameful that may be.
We're in Comberton, First timers buying with a mortgage (lender is TSB , and our lawyer is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What will a local search tell me about the house I am purchasing in Comberton?
Comberton conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search is essential in every Comberton conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant 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 sections.
I am looking for a flat up to £195,000 and identified one near me in Comberton I like with open areas and transport links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Comberton suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
My company is hoping to take over a lease of an office on a shopping parade. Can you recommend solicitors offering no-move-no costs for non-domestic conveyancing in Comberton for under 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Comberton, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your details or call us so that we can supply you with a detailed commercial conveyancing quote.