The sellers of the house we are purchasing hired a conveyancing solicitor in Datchet and Langley who has insisted on a exclusivity agreement with a down payment of 5k. Are such agreements sensible?

There are two main drawbacks with entering into any lock out contract (occasionally referred to as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing limited or no negotiation then it could turn out to be unhelpful. It is not particularly popular amongst Datchet and Langley conveyancing practitioners as a result. A supplemental issue is the extent of the remedies available - an aggrieved purchaser should not expect to be granted an injunctive ruling by a court to prohibit the owner completing the sale to a third party, so the only remedy open via the contract will be the reimbursement of abortive charges and, in rare circumstances, the additional payment of damages.

Why do I have to pay up front for my conveyancing in Datchet and Langley?

Where you are retaining lawyers for conveyancing in Datchet and Langley your lawyer will ask you put them with funds to cover the search fees. Ordinarily this is needed to cover the fees of the conveyancing searches. If any down payment is payable against the purchase price then this will be required immediately before contracts are exchanged. The final balance that is due should be sent to your lawyer shortly before completion.

I have been on the look out for a ground for flat up to £245,000 and found one close by in Datchet and Langley I like with open areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Datchet and Langley in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?

If you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

Due to complete next month on a ground floor flat in Datchet and Langley. Conveyancing solicitors have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Datchet and Langley should include some of the following:

Does the lease require carpeting throughout thus preventing wood flooring? You must be informed what constitutes a Nuisance as far as the lease is concerned Repair and maintenance of the property It needs to be made clear to you if the lease permits you to change or improve aspects of the premises- you must be made aware as to whether it applies to all alterations or just structural alteration, and whether consent is required Details of the parties to the lease, e.g. these could be the tennant, superior lessor, freeholder

Despite our best endeavours, we have been unsuccessful in trying to purchase the freehold in Datchet and Langley. Can this matter be resolved via the Leasehold Valuation Tribunal?

Most certainly. We are happy to put you in touch with a Datchet and Langley conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Datchet and Langley premises is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case affected 2 flats. The remaining number of years on the lease was 69 years.

At last I have had an offer on an apartment in Datchet and Langley accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but it’s not yet tied up, and has viewings of other flats in the pipeline. I have chosen a nearby conveyancing lawyer in Datchet and Langley. What do I do now? At what point should I apply for the mortgage with Yorkshire BS?

It is understandable to have concerns where there is a chain given your reluctance to incur expenses too early (home loan application is in the region of one thousand pounds, then valuation, Datchet and Langley conveyancing search charges, etc). The first course of action is to ensure that your conveyancer is on the Yorkshire BS conveyancing panel. As to the next phase this very much dictated by the circumstances of your case, desire for the property and on the state of the market. In a hot market the majority of buyers will apply for the mortgage with Yorkshire BS and arrange for the valuation and only if it was satisfactory would they request their property lawyer to press on with the conveyancing in Datchet and Langley.