The owners of the property we are hoping to buy have appointed a conveyancing firm in Prescot and Knowlsey who has recommended a lock out agreement with a deposit 10k. Are such contracts promoted for Prescot and Knowlsey conveyancing transactions?

There are two main drawbacks with signing a lock out contract (sometimes termed an exclusivity agreement) is that it diverts attention away from making progress with the conveyancing transaction itself, so in the absence of it needing little or no negotiation then it could transpire to be a cause of frustration and delay. It is not particularly popular by Prescot and Knowlsey conveyancing solicitors for this reason. The other main issue is the extent of the remedies available - an aggrieved purchaser is very unlikely to win injunctive relief to bar the vendor disposing of the property to another buyer, so the only remedy open via the contract will be the recovery of abortive charges and, in rare situations, the additional payment of penalties.

It has been four months following my purchase conveyancing in Prescot and Knowlsey took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Due to the encouragement of my in-laws I had a survey completed on a house in Prescot and Knowlsey prior to instructing lawyers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some banks will not issue a loan on a flying freehold home.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Prescot and Knowlsey. Conveyancing will be smoother if you use a solicitor in Prescot and Knowlsey especially if they are accustomed to such properties in Prescot and Knowlsey.

How easy is it to use the search tool to get a quote from a conveyancing practitioner in Prescot and Knowlsey on the panel for my lender?

First select a bank such as Yorkshire Building Society, Skipton Building Society or Nottingham Building Society then type in your preferred area such as Prescot and Knowlsey. Conveyancing firms in Prescot and Knowlsey and beyond should be listed.

We are soon to acquiring a apartment in Prescot and Knowlsey. Conveyancing is not yet done but we would like keep our purchase price confidential from the likes of Zoopla. How could this be done?

The Land Registry as a matter of law obliged to disclose price paid information on a register of the title for residential properties countrywide which includes properties in Prescot and Knowlsey. The Title Register is an open document, so HMLR would be breaking the law excluded specific homes such as the one in Prescot and Knowlsey.

In essence you can ask HMLR to hide the amount paid entry but the answer will be a No.