We have very pushy sellers who has suggested a preliminary contract with a deposit 10k. Are such agreements sensible?

Lock out agreements are agreements binding a home seller and prospective buyer granting the buyer exclusive rights to the sale of the premises for a set period of time. For all intents and purposes, a lock out is a document stating that you should be issued with a contract at a later time which is the contract for the actual sale. It is generally utilised for buyer protection though in many situations, the proprietor may enjoy an upside from such agreements as well. There are many pros and cons to having them but you need to check with your conveyancer but note that it may end up costing you extra in conveyancing fees. For this these contracts are unusual when it comes to conveyancing in Cottesmore.

My wife and I are close to exchanging contracts on the sale of our property in Cottesmore and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Cottesmore. We have lived in Cottesmore for three years we know of no issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.

It would appear that you have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)

I have todaydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Cottesmore for a purchase of a leasehold flat 18 months ago. How can I check that my home is registered correctly in the name of the former proprietor?

The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Cottesmore conveyancing specialists.

I'm purchasing a new build house in Cottesmore benefiting from help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not disclose to my conveyancer about the deal as it may adversely affect my mortgage with the bank. Is this normal?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

My partner has urged me to instruct his conveyancers in Cottesmore. Should I use them?

Much as we are happy to recommend a Cottesmore conveyancing lawyer the best way to find a conveyancing lawyer is to have guidance from friends or family who have actually used the conveyancer that you are contemplating using.