The owners of the home we are looking to purchase are using a conveyancing firm in New Invention who has insisted on a exclusivity contract with a non-refundable deposit 6,000. Are such contracts the norm for New Invention conveyancing transactions?

There are a couple of main drawbacks with signing a lock out agreement (occasionally termed a no-shop agreement) is that it diverts attention away from making progress with the conveyancing transaction itself, so unless it requires minimal or no negotiation then it could transpire to be unhelpful. It is not strongly advocated by New Invention conveyancing practitioners for this reason. A supplemental negative is the extent of the remedies available - a jilted purchaser should not expect to be granted an injunctive ruling by a court to prevent the owner selling to a third party, so the only remedy open via the contract will be the reimbursement of wasted costs and, in limited situations, the additional payment of damages.

i am purchasing my first flat in New Invention benefiting from help to buy. The developers would not move on the price so I negotiated £7000 of extras instead. The sale representative advised me not to tell my solicitor about the extras as it may put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.

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.

I am selling my home. My previous conveyancers has retired. I am in need of a recommendation of a conveyancing firm. Im based in New Invention if that affects matters.

You should use our search tool to help you find a solicitor for your conveyancing in New Invention. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.