We selected a high street solicitor for our conveyancing in Wootton today. Going through the terms of engagement I noteI am on the hook for charges even where the conveyance does not complete. Should I go with them or use an on-line lawyer offering no move no charge conveyancing in Wootton?

Generally there is a compromise along the lines that if "No Completion No Fee" is available then the fee levels will generally be more expensive to neutralise those conveyances that abort. Do bear in mind that these arrangements generally do not protect you from expenses for instance Wootton conveyancing search fees.

We have very brash vendors who has suggested a lock out contract with a non-refundable deposit two thousand pounds. Is it wise to enter into such agreements?

This form of preliminary agreement isn't frequently used in Wootton, conveyancers are often inclined to direct clients away from them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no assurance that just because the proprietor has signed an exclusivity agreement they will sell to you. They may be inclined to break the agreement if they are offered a large enough offer to do so because an aggrieved party with the benefit of a exclusivitycontract will still be obliged show losses as a consequence of the breach and this may not amount to the extra amount that your vendor may gain by breaking the contract, however morally shameful that may be.

I'm buying a new build house in Wootton with a loan from . The sellers would not move on the amount so I negotiated 6k of extras instead. The estate agent suggested that I not disclose to my solicitor about this side-deal as it would put at risk my mortgage with the bank. 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.