The vendors of the house we are purchasing have appointed a conveyancing practitioner in Hounslow who has recommended a exclusivity contract with a payment 10k. Are such agreements sensible?
Lock out contracts are contracts binding a home vendor and purchaser granting the buyer exclusive rights to purchase the property within an agreed time frame. For all intents and purposes, a lock out agreement is a contract stating that you will be issued with a contract at a later date being the main conveyancing contract. It is generally used for buyer confidence though in some cases, the owner may enjoy an upside from such agreements as well. There are various positives and negatives to using them but you need to check with your solicitor but beware that it may result in costing you extra in conveyancing fees. In light of these reasons these contracts are rare in relation to conveyancing in Hounslow.
I bought my flat on 13 July and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Hounslow advises it will be concluded in a couple of weeks. Are transfers in Hounslow uniquely lengthy to register?
As far as conveyancing in Hounslow is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can differ depending on the party submitting the application, whether there are errors and if the Land registry need to notify any other parties. Currently roughly three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration occurs once the purchaser has moved in to the property so 'speed' is not usually primary concern but if there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Hounslow is where the house is located. Is there any guidance you can give?
Flying freeholds in Hounslow are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hounslow you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hounslow may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
In my capacity as executor for the estate of my uncle I am disposing of a house in Cardiff but live in Hounslow. My solicitor (based 200 kilometers from mehas requested that I sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Hounslow who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Hounslow based
My partner and I hope to purchase our first property in Hounslow. Conveyancing practitioner has been appointed. The broker pointed out that a survey is not necessary as the property is just fifteen years old.
At the very least you should have a Home Buyer's Report. Given the property was constructed more than a decade ago the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be enough. The report should highlight any obvious issues and suggest additional investigation if appropriate. Where there are any indications of material issues seek a comprehensive structural survey.