We have rather brash vendors who has suggested a lock out contract with a non-refundable deposit of 5k. Are such agreements sensible?

Exclusivity agreements are agreements between a home seller and prospective acquirer granting the buyer exclusive rights to purchase the property for a limited period of time. For all intents and purposes, a lock out is a document stating that you will receive 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 proprietor 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 note that it may end up costing you more in conveyancing charges. In light of these reasons these agreements are not popular in relation to conveyancing in Newquay.

It is is a decade since I acquired my house in Newquay. Conveyancing solicitors have just been appointed on the sale but I can't track down my title documents. Will this cause complications?

You need not be too concerned. Firstly the deeds may be with the mortgage company or they could be in the possession of the lawyers who oversaw your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Newquay involves registered property but in the unlikely event that your home is not registered it is more tricky but is resolvable.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Newquay. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Newquay

The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

My wife and I purchased a leasehold house in Newquay. Conveyancing and The Royal Bank of Scotland mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Newquay who previously acted has long since retired. Do I pay?

First contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Newquay conveyancing firm to do this as it can be done on-line for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Newquay - Examples of Queries before Purchasing

Make sure you discover if there are any onerous restrictions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Newquay. If you like the apartmentin Newquay but your dog can’t make the move with you then you have a very difficult determination. How many of the leaseholders are in arrears for their maintenance charge payments? Please note if it is less than 80 years it will affect the salability of the apartment. It is worth checking with your lender that they are happy with residual term of the lease. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you would be be obliged to have been the owner of the property for two years in order to be legally able to extend the lease.

Whilst your website is a good idea there are many lawyers listed near Newquay being on the bank conveyancing panel. Can you recommend a specific firm on the lender approved panel?

We do not recommend specific Newquay firms as the right Newquay conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Newquay knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..