The owners of the house we are looking to purchase have appointed a conveyancing solicitor in Radlett who has recommended a exclusivity contract with a deposit 6,000. Are such contracts promoted for Radlett conveyancing transactions?
Exclusivity contracts are agreements binding a home seller and purchaser granting the buyer exclusive rights to purchase the premises within an agreed time frame. For all intents and purposes, an exclusivity is a document stating that you will be issued with a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer protection though in many situations, the proprietor may stand to benefit from such agreements as well. There are many pros and cons to having an agreement but you should to check with your solicitor but note that it may end up costing you more in conveyancing charges. In light of these reasons these contracts are avoided in relation to conveyancing in Radlett.
I need some fast conveyancing in Radlett as I am under pressure to complete in less than 3 weeks. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not taking a home loan you have the choice not to do searches although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Radlett the following are instances of what can crop up and therefore impact future mortgageability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
I completed on my apartment on 10 March and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Radlett advises it will be dealt with in a couple of weeks. Are properties in Radlett particularly slow to register?
As far as conveyancing in Radlett 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 subject to who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. Currently in the region of 80% of such applications are completed within 12 days but occasionally there can be longer delays. Historically registration takes place once the new owner is living at the premises so post completion formalities is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer must speak with the land registry and explain the circumstances.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Radlett is where the house is located. Can you shed any light on this issue?
Flying freeholds in Radlett are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Radlett you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radlett may ascertain 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 residence.
What does commercial conveyancing in Radlett cover?
Radlett conveyancing for business premises incorporates a broad range of guidance, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.