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Recently asked questions about conveyancing in Fleet

The owners have rather brash sellers who has recommended a preliminary contract with a down payment 6,000. Are such agreements sensible?

Lock out contracts are contracts between a home seller and prospective acquirer giving the buyer a ‘clear field’ to the sale of the premises for a set period of time. Essentially, an exclusivity agreement is a contract stating that you will be issued with a contract at a later time which is the contract for the actual sale. It tends to be utilised for buyer protection though in many situations, the owner may enjoy an upside from such agreements as well. There are numerous pros and cons to using an agreement but you should to check with your solicitor but note that it may end up costing you extra in conveyancing charges. For this these agreements are avoided in relation to conveyancing in Fleet.

I am close to exchanging contracts on the sale of our property in Fleet and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street Fleet conveyancer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Fleet. Having lived in Fleet for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.

It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)

I purchased my apartment on 5 May and my personal details are still not registered. Should I be concerned? My conveyancing solicitor in Fleet advises it should be registered in less than a month. Are properties in Fleet particularly slow to register?

As far as conveyancing in Fleet registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether it is in order and whether the Land registry need to notify any third parties. As of today in the region of three quarters of submission are completed in less than three weeks but occasionally there can be protracted delays. Historically registration is effected after the new owner is living at the premises thus post completion formalities is not usually primary concern yet where it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.

I decided to have a survey carried out on a property in Fleet in advance of appointing lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies will not issue a mortgage on a flying freehold home.

It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fleet. Conveyancing will be smoother if you use a solicitor in Fleet especially if they are acquainted with such properties in Fleet.

I pay a service charge for my first floor flat in Fleet. Due to losing my job and personal issues I fell behind with payments. The management company agreed a settlement schedule but there remains two currently outstanding.

I want to sell and I am worried this could hold me back if I have to discharge the arrears now. Do I have to settle before - is this achievable?

You should speak with the lawyer conducting your Fleet conveyancing but it might be possible to agree for the arrears to be transferred to the buyers. The sale price they pay would be reduced to reflect the amount of debt they assume. They would then discharge the fees once they are the owners.

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Find out more about how flying freehold can affect your the value of a property.