The owners have very brash vendors who has suggested a exclusivity contract with a payment of 5k. Is it wise to enter into such agreements?

Lock out agreements are contracts binding a home seller and purchaser giving the buyer exclusive rights to the sale of the property for a limited period of time. For all intents and purposes, an exclusivity is a document specifying that you should have a contract at a later date which is the main conveyancing contract. It is generally used for buyer assurance though in some cases, the owner may enjoy an upside from such agreements as well. There are numerous pros and cons to having them but you need to check with your conveyancer but note that it may end up incurring more in conveyancing charges. For this these contracts are avoided in relation to conveyancing in Montacute.

My wife and I are planning on selling our property in Montacute and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers used a web based conveyancing firm rather than a conveyancing solicitor in Montacute. We have lived in Montacute for many years we know of no issue. Should we get in touch with our local Authority to seek clarification that there is no issue.

It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of 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 sickness)

I am looking into buying my first house which is in Montacute and I am already nervous. I couldn't find anything specific about Montacute. Conveyancing will be needed in due course but do you know about the Montacute area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Montacute. In the meantime here are some basic statistics that we found

My uncle has suggested that I instruct his lawyers for conveyancing in Montacute. Do I take his recommendation?

There are no two ways about it the ideal way to find a conveyancing solicitor is to have recommendations from friends or family who have actually experience in using the solicitor that you are considering.

Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £300,000 maisonette in Montacute next week. The landlords agents has quoted £324 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Montacute?

For most leasehold sales in Montacute conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Completing pre-exchange enquiries Where consent is required before sale in Montacute Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Montacute leasehold premises is £350. For Montacute conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to supply answers.

Montacute Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying

You will want to find out as much as possible about the managing agents as they will affect your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to daily issues such as the cleanliness of the common parts. You should not be afraid to ask prospective neighbours what they think of them. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes. Best to be warned if redecorating or some other major work is due in the near future to be shared between the leaseholders and will materially increase the the maintenance costs or require a specific payment.