The owners have very assertive vendors who has recommended a preliminary agreement with a non-refundable deposit 10k. Is it wise to enter into such agreements?

This form of preliminary agreement isn't frequently used in Sandiacre, conveyancers are not keen on them as they detract from focusing on the primary focus, namely conveyancing and if you end up losing your deposit then the lawyer is left exposed. Secondly, there is no certainty that just because the owner has executed an exclusivity agreement they will sell to you. They may be in contravention of the contract if they are offered a big enough incentive to do so because an aggrieved purchaser with the benefit of a exclusivitycontract will still be legally obliged to show losses as a consequence of the breach and this may not equate the extra amount that your seller may gain by breaking the contract, no matter how morally shameful the behaviour is.

I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in Sandiacre with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?

There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.

How can the Landlord & Tenant Act 1954 impact my business property in Sandiacre and how can your lawyers assist?

The 1954 Act provides protection to commercial leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Sandiacre is one of the numerous locations in which our lawyers are based

As co-executor for the estate of my grandmother I am selling a residence in Monmouth but reside in Sandiacre. My solicitor (who is 300 kilometers awayrequires that I execute a statutory declaration before completion. Could you suggest a conveyancing solicitor in Sandiacre to attest this legal document for me?

Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Sandiacre based

I am hoping to sign contracts shortly on a ground floor flat in Sandiacre. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. What should I be looking out for?

The report on title for your leasehold conveyancing in Sandiacre should include some of the following:

The unexpired lease term. You should be advised as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years The physical ownership of the premises. This will be the property itself but might incorporate a loft or storage are if applicable. Who has the liability to repair and maintain the block. It is essential that you know who is duty bound to repair and maintenance of all parts of the block and estate Details of the parties to the lease, for example these could be the leaseholder, head lessor, freeholder

I bought a ground floor flat in Sandiacre, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Sandiacre with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2091

With only 65 years left to run we estimate the price of your lease extension to range between £13,300 and £15,400 plus legals.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.