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Questions Related To Sale/Purchase

  • property at buyer's risk By Guest on 12/07/2016

    What is your view about the clause in 5th Edition of Standard Conditions of Sale which put the property at the risk of the buyer from exchange? Is it reasonable to ask for this to be deleted?
    The context is a leasehold purchase. As the seller is under a ...

    Sale/Purchase
  • Whether an easement should be included in a TP1 By Guest on 29/06/2016

    I am doing my own conveyancing and selling off part of my property, some arable land at the back of my house.
    The electricity for my house runs through a cable which crosses through the south eastern part of the land I am selling.
    I am considering what ...

    Sale/Purchase
  • Indemnity Insurance on part of garden By Guest on 29/06/2016

    I'm in the process of selling, my solicitor informs me a small part of my garden is unregistered, it's enclosed by a wall and is exactly how I purchased it 11 years ago; as did previous buyers without any garden issue.

    I'm aware a possessory title can...

    Sale/Purchase
  • currency of searches at the point of exchange/completion? By Guest on 27/06/2016

    Must a conveyancing solicitor ensure that searches are up to date at the point of exchange/completion? We were not told of planning permission applied for by the ground floor leaseholders of our building, although it was applied for before we exchanged....

    Sale/Purchase
  • £6k reserved By Guest on 23/06/2016

    i recently sold a property for 140k with a 110k bridging loan on it , a redemption figure was obtained, and the sale went to completion , my solicitor retained £6k of the funds in case the buyers solicitors fail to release the charge from the land regist...

    Sale/Purchase
  • Being bought out by builder By Guest on 22/06/2016

    Hi, our chain has collapsed and we have been given the option to be bought our by barrat homes so our sale still goes ahead. Do you get less money by doing this?...

    Sale/Purchase
  • On exchange of contracts, what does uncleared funds actually mean. By Guest on 20/06/2016

    Does uncleared funds mean money there but not cleared or that the funds are not there?...

    Sale/Purchase
  • Higher Valuation than Purchase Price By Guest on 17/06/2016

    Hi I have just agreed a purchase price for a flat at £128K from my landlord, as it needs a lot of work inside and out, however Ive just had a homebuyers report done the valuation came in at £150k will my solicitor ask me to get indemnity insurance, or a...

    Sale/Purchase
  • My house buyer is stalling after contracts exchange. If she pulls out what happens next? And what happens with the house I'm purchasing? By Guest on 14/06/2016

    I understand a buyer who pulls out after exchange of contracts gets heavily penalised, which is what I'm worried my buyer may do. But what happens with the house I'm purchasing? At the end of the day I'm also a buyer but if my sale falls through I won't b...

    Sale/Purchase
  • Do we have to exchange on the sane day? By Guest on 13/06/2016

    Hi i am in the process of getting divorced and we are selling the family home in order for us each to rebuy. Once we have an offer on the shared property and if i find a property first that I wish to buy, can I exchange contracts in order to secure the p...

    Sale/Purchase

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