The sellers of the property we are looking to purchase are using a conveyancing solicitor in Southfields who has insisted on a preliminary agreement with a down payment 6,000. Are such agreements sensible?

Lock out contracts are contracts between a property owner and purchaser granting the buyer the sole right to purchase the premises for a certain period of time. For all intents and purposes, an exclusivity is a document stating that you will have a contract at a later time being the contract for the actual sale. It is generally used for buyer assurance though in many situations, the seller may stand to benefit from such agreements as well. There are various positives and negatives to having an agreement but you should to check with your conveyancer but beware that it may result in costing you extra in conveyancing fees. In light of this these agreements are unusual in relation to conveyancing in Southfields.

We are planning to purchase with Earl Shilton BS. I dropped in a couple of high street solicitors but cant to find a Southfields conveyancing firm on the Earl Shilton BS panel. Could you help?

Please do take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the mortgage company and type Southfields or your preferred area and you will discover numerous solicitors offices in Southfields or nearest you.

What will a local search tell me regarding the house my wife and I purchasing in Southfields?

Southfields conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search is essential in every Southfields conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.

Are there restrictive covenants that are commonly identified during conveyancing in Southfields?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Southfields. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I'm buying my first flat in Southfields with the aid of help to buy. The developers would not budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about this deal as it would adversely affect my loan with Bank of Scotland. 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.