The vendors of the house we are hoping to buy hired a conveyancing practitioner in Cyncoed who has suggested a exclusivity contract with a down payment 6,000. Is it wise to enter into such agreements?

Lock out agreements are contracts binding a property vendor and prospective buyer granting the buyer a ‘clear field’ to purchase the property for a limited period of time. For all intents and purposes, a lock out is a document specifying that you will receive a contract at a later time which is the contract for the actual sale. It tends to be used for buyer assurance though in many situations, the owner may stand to benefit from such agreements as well. There are various positives and negatives to using an agreement but you need to check with your conveyancer but beware that it may end up incurring extra in conveyancing charges. In light of this these agreements are avoided in relation to conveyancing in Cyncoed.

We are purchasing a property and need a conveyancing solicitor in Cyncoed who is on the TSB solicitor panel. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Cyncoed.

Various internet forums that I have come across warn that are a common reason for obstruction in Cyncoed house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Cyncoed.

I purchased a semi-detached Georgian house in Cyncoed. Conveyancing lawyer acted for me and Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cyncoed and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing practitioner who carried out the work.

Just had an offer accepted on a new build flat in Cyncoed. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Cyncoed

Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?