The sellers of the house we are hoping to buy hired a conveyancing solicitor in Barrow In Furness who has insisted on a lock out agreement with a deposit 6,000. Are such contracts recommended for Barrow In Furness conveyancing transactions?

Exclusivity agreements are agreements binding a home owner and purchaser giving the buyer exclusive rights to purchase the property within an agreed time frame. For all intents and purposes, a lock out agreement is a contract stating that you will receive a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer confidence though in some cases, the proprietor 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 lawyer but note that it may end up incurring more in conveyancing charges. In light of these reasons these contracts are rare when it comes to conveyancing in Barrow In Furness.

I bought my home on 7 June and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Barrow In Furness advises it will be recorded inside ten days. Are properties in Barrow In Furness particularly slow to register?

There is nothing unique when it comes to conveyancing in Barrow In Furness registration formalities. As opposed to being determined by geographic area, timeframes can differ subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any third parties. As of today roughly three quarters of such applications are completed in less than three weeks but some can be subject to protracted hold-ups. Historically registration is effected after the new owner is living at the premises therefore 'speed' is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.

I am buying a new build house in Barrow In Furness with the aid of help to buy. The developers refused to reduce the amount so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my lawyer about the side-deal as it would affect my loan with the lender. Should I keep quiet?.

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.

Due to the input of my in-laws I had a survey completed on a house in Barrow In Furness ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some lenders will refuse to give a loan on such a property.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Barrow In Furness. Conveyancing may be slightly more expensive based on your lender's requirements.

What does commercial conveyancing in Barrow In Furness cover?

Barrow In Furness conveyancing for business premises incorporates a broad range of guidance, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.