The vendors of the property we are hoping to buy have appointed a conveyancing firm in Lee On The Solent who has recommended a preliminary contract with a down payment 10k. Are such arrangements generally advanced for Lee On The Solent conveyancing transactions?

Lock out contracts are contracts binding a property seller and purchaser giving the buyer the sole right to purchase the premises within a prescribed time frame. For all intents and purposes, a lock out agreement is a contract specifying that you will receive a contract at a later date which is the main conveyancing contract. It is generally utilised for buyer assurance though in some cases, the proprietor may stand to benefit from such agreements as well. There are many pros and cons to using an agreement but you need to check with your conveyancer but note that it may end up costing you more in conveyancing fees. In light of this these contracts are unusual when it comes to conveyancing in Lee On The Solent.

A friend suggested that where I am buying in Lee On The Solent I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is sometimes included in the estimate for your Lee On The Solent conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Lee On The Solent around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Lee On The Solent Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Lee On The Solent.

I am purchasing my first flat in Lee On The Solent with a mortgage from Platform Home Loans Ltd. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not disclose to my solicitor about the extras as it will put at risk my mortgage with Platform Home Loans Ltd. 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.

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Lee On The Solent is where the house is located. Is there any advice you can give?

Flying freeholds in Lee On The Solent are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lee On The Solent you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lee On The Solent may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

We are a couple of weeks into a freehold purchase having been directed to a firm by the local agent to carry out the conveyancing in Lee On The Solent. We are not happy. Can you you assist me in finding new solicitors?

They would need to be really poor in order to consider diss instructing them. Has your loan offer been issued? If so you will need to make them aware of the new solicitor and get the mortgage documents are issued to the new lawyers. The conveyancer needs to be on the mortgage company panel to avoid escalating fees and complications. That should be your starting point. Our search tool should help you find a lender approved solicitor for your home move in Lee On The Solent