The owners have rather pushy vendors who has recommended a exclusivity agreement with a deposit 6,000. Are such agreements appropriate for Cottenham conveyancing transactions?

This form of arrangement is not the norm in Cottenham, conveyancers are often inclined to veer clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer is left exposed. Furthermore, there is no certainty that just because the owner has executed a lock out agreement they will complete the sale with you. They may be in contravention of the contract if they are offered a large enough offer to do so because an aggrieved purchaser with the benefit of a lockout agreement will still be legally obliged to establish consequential losses from the breach and these may not equalise the extra amount that the owner may obtain by breaching the agreement, no matter how morally condemnable it undoubtedly is.

Why do I have to pay up front for my conveyancing in Cottenham?

If you are buying a property in Cottenham your solicitor will ask you put them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the total price then this will be needed immediately in advance of contracts are exchanged. Any further balance that is due should be transferred a few days prior to the completion date.

We hope to to purchase with Norwich and Peterborough Building Society. We have called around locally yet am struggling to find a Cottenham conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you help?

Feel free to make the most of the find a lender approved solicitor tool on this site. Please choose the lender and type Cottenham or your location and you will be presented with numerous solicitors located in Cottenham or nearest you.

Due to the input of my in-laws I had a survey completed on a house in Cottenham ahead of appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend refuse to give a loan on a flying freehold property.

It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cottenham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cottenham to see if the conveyancing costs will increase in light of this.

My partner and I may need to rent out our Cottenham basement flat temporarily due to taking a sabbatical. We used a Cottenham conveyancing practice in 2004 but they have closed and we did not think at the time get any advice as to whether the lease permits subletting. How do we find out?

A lease dictates relations between the landlord and you the leaseholder; in particular, it will indicate if subletting is not allowed, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Cottenham do not prevent an absolute prevention of subletting – such a provision would undoubtedly devalue the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.

Cottenham Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

The majority of Cottenham leasehold properties will be liable to pay a service bill for the upkeep of the block set by the landlord. Should you acquire the apartment you will have to pay this contribution, usually periodically accross the year. This may differ from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge for you to pay annual, ordinarily this is not a large sum, say approximately £50-£100 but you need to check as sometimes it could be surprisingly expensive. This information is useful as a) areas can result in problems for the block as the communal areas may begin to deteriorate where services remain unpaid b) if the tenants have a dispute with the managing agents you will want to know about it How many of the leaseholders are in arrears for their maintenance charge payments?