We have rather pushy sellers who has recommended a lock out contract with a payment 10k. Are such agreements sensible?

Exclusivity agreements are contracts binding a home seller and purchaser granting the buyer exclusive rights to purchase the property within a prescribed time frame. For all intents and purposes, an exclusivity agreement is a contract stating that you will be issued with a contract at a later time which is the main conveyancing contract. It is generally used for buyer protection though in some cases, the vendor may enjoy an upside from such agreements as well. There are various pros and cons to using them but you need to check with your solicitor but note that it may result in costing you extra in conveyancing charges. For these reasons these agreements are not popular when it comes to conveyancing in Wallsend.

Why do I have to pay up front when it comes to conveyancing in Wallsend?

If you are buying a property in Wallsend your lawyer will request that you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the total price then this should be needed shortly ahead of exchange of contracts. Any further balance that is due will be payable a few days ahead of the day of completion.

My friend recommended that if I am purchasing in Wallsend I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is usually quoted for as part of the standard Wallsend conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Wallsend around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Wallsend Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information regarding Wallsend.

I am purchasing a new build house in Wallsend benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not reveal to my conveyancer about this side-deal as it would affect my loan with National Westminster Bank. Is this normal?.

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.

Is it possible to transfer to a new firm as I have to appoint a firm on the Clydesdale conveyancing list. I had appointed a high street conveyancing solicitor in Wallsend five minutes from me but he is not accepted by Clydesdale

We will our best to assist in finding you a conveyancing solicitor in Wallsend on the Clydesdale panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Wallsend. In making use of the find a conveyancing solicitor tool on this page, you can compare costs for conveyancing solicitors in Wallsend and throughout England and Wales.