The sellers of the property we are hoping to buy are using a conveyancing practitioner in Topsham who has recommended a exclusivity contract with a payment 10k. Is it wise to enter into such agreements?

Lock out agreements are agreements binding a property seller and purchaser giving the buyer exclusive rights to purchase the property within an agreed time frame. For all intents and purposes, a lock out is a document stating that you will receive a contract at a later time being the contract for the actual sale. It tends to be utilised for buyer confidence though in many situations, the proprietor may stand to benefit from such agreements as well. There are many positives and negatives to using them but you need to check with your conveyancer but beware that it may result in incurring extra in conveyancing charges. In light of this these agreements are avoided in relation to conveyancing in Topsham.

Despite weeks of looking the Title Certificate and documents to our home can not be found. The lawyers who did the conveyancing in Topsham 10 years ago have long since closed. What do I do?

You no longer need to have the physical deeds to establish that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.

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

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

We're novice buyers - agreed a price, yet the agent informed us that the seller will only proceed if we instruct their recommended solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Topsham

We suspect that the seller is not behind this demand. If they want ‘a quick sale', turning down a serious purchaser is likely to cause more damage than good. Contact the vendors directly and explain that (a)you are keen to buy (b)you are ready to progress, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you intend to use your own,trusted Topsham conveyancing firm - as opposed tothose that will give the negotiator at the agency a kickback or achieve conveyancing figures demanded by head office.

Do you have any advice for leasehold conveyancing in Topsham with the purpose of expediting the sale process?

• A significant proportion of the delay in leasehold conveyancing in Topsham can be reduced where you instruct lawyers the minute you market your property and request that they start to put together the leasehold information which will be required by the buyers’ solicitors.
You believe that you know the number of years left on your lease but it would be wise to verify this via your lawyers. A buyer’s lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is below 80 years. In the circumstances it is essential at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. A minority of Topsham leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. The majority of landlords or managing agents in Topsham levy fees for providing management packs for a leasehold property. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Topsham. If you have carried out any alterations to the premises would they have required Landlord’s approval? In particular have you installed wooden flooring? Most leases in Topsham state that internal structural alterations or installing wooden flooring calls for a licence issued by the Landlord acquiescing to such changes. Should you fail to have the paperwork in place you should not contact the landlord without contacting your conveyancer in advance.

Topsham Conveyancing for Leasehold Flats - Examples of Queries before buying

The majority of Topsham leasehold apartments will be liable to pay a service charge for maintenance of the block set by the landlord. If you purchase the apartment you will have to meet this amount, usually quarterly during the year. This could be anything from a few hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a large figure, say about £25-£75 but you should to enquire as on occasion it can be many hundreds of pounds. The answer will be important as a) areas may cause problems in the building as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the tenants have a dispute with the running of the building you will want to know about it Are any of leasehold owners in dispute over their service charge payments?