The owners have rather brash vendors who has suggested a lock out contract with a down payment of 5k. Are such agreements the norm for Rainham conveyancing transactions?

There are a couple of primary concerns with entering into any lock out contract (sometimes termed a shut-out contract) is that it takes away the focus from progressing with the conveyancing process, so unless it requires minimal or no negotiation then it may turn out to be a cause of frustration and delay. It is not strongly advocated amongst Rainham conveyancing solicitors for this reason. A further negative is the extent of the remedies available - an aggrieved buyer is not likely to secure injunctive relief to stop the owner selling to a third party, so the only remedy open via the agreement will be the reimbursement of wasted costs and, in restricted scenarios, the extra payment of penalties.

Can I use your services to find a Conveyancing solicitor in Rainham even where I’m not purchasing or selling a house, for example where I want to acquire a shop in Rainham with a loan from ?

Our search tool is primarily there to locate residential conveyancing solicitors in Rainham but we have listed at the bottom of this page a few Rainham commercial conveyancing firms. You should enquire with the firm directly to see if they can also act for

i am purchasing a new build house in Rainham with the aid of help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not reveal to my lawyer about the deal as it may impact my mortgage with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.