We have rather assertive vendors who has insisted on a lock out agreement with a down payment two thousand pounds. Is it wise to enter into such agreements?

Exclusivity agreements are contracts between a home owner and prospective acquirer granting the buyer the sole right to purchase the premises for a limited period of time. Essentially, an exclusivity is a document stating that you will be issued with a contract at a later time being the contract for the actual sale. It is generally used for buyer assurance though in many situations, the seller may stand to benefit from such agreements as well. There are numerous positives and negatives to having them but you need to check with your conveyancer but note that it may result in incurring more in conveyancing charges. In light of this these contracts are unusual in relation to conveyancing in Redditch.

Do commercial conveyancing searches disclose proposed roadworks that may affect a commercial estate in Redditch?

Its becoming the norm that commercial conveyancing solicitors in Redditch will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Redditch. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Redditch.

For each commercial conveyancing transaction in Redditch it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Redditch commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Redditch.

I am purchasing a new build house in Redditch benefiting from help to buy. The builders would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not disclose to my conveyancer about this deal as it would jeopardize my loan 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.

I'm refinancing my primary home to a BTL loan with Accord Mortgages Ltd and I will use the ballance of the raised equity as a down payment on another house. The neighborhood we are looking at is Redditch. Will your solicitors be able to act for the two lenders and link together the conveyances?

Make use of our search tool on this site to ensure that the lawyers are on the relevant lender panels. Assuming that they are your lawyer will be able to tie up the two transactions but you should have a chat with you conveyancer and make apparent your desired outcome and requirements.

My partner and I are purchasing a garden flat in Redditch. When we first instructed conveyancing practitioner, we were told they were on all major UK lender panels. Our mortgage broker called yesterday to advise that they don't seem to be on the Kent Reliance approved list. Were it to be true, what should we do? Should we simply find a different lawyer that is on their panel or should we cover the costs for dual representation, with Kent Reliance appointing their own preferred lawyer.

Where you are acquiring a property with the assistance of a mortgage it is conventional for the buyer’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancing practitioner has to meet. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should call Kent Reliance to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Kent Reliance's conveyancing panel as you are at liberty to use your preferred Redditch lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.