The owners have rather assertive vendors who has recommended a preliminary agreement with a deposit of 5k. Is it wise to enter into such agreements?
Exclusivity agreements are contracts between a home vendor and prospective buyer giving the buyer a ‘clear field’ to the sale of the premises for a limited period of time. Essentially, an exclusivity agreement is a contract stating that you will have a contract at a later date being the contract for the actual sale. It tends to be utilised for buyer protection though in some cases, the owner may stand to benefit from such agreements as well. There are various pros and cons to using them but you should to check with your solicitor but beware that it may end up incurring extra in conveyancing fees. In light of this these agreements are unusual when it comes to conveyancing in West Byfleet.
How up to date is your database of West Byfleet solicitors on the HSBC conveyancing panel? Do HSBC send you an updated list?
West Byfleet conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
In researching moneysavingexpert.com for an online lawyer in West Byfleet, most say that I must look for a CQS accredited solicitor. What is CQS?
West Byfleet Conveyancing Quality Scheme practices have been granted certification by the law Society The Law Society created CQS to promote high standards in the in the legal transfer of properties. CQS enables buyers and sellers to identify practices that provide a quality residential conveyancing. West Byfleet is one of locations in England and Wales in which CQS have a presence. The conveyancing scheme obliges practices to undergo a strict assessment, compulsory training, self-reporting, random audits and yearly assessments in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Building Societies Association.
My relative suggested that where I am purchasing in West Byfleet I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard West Byfleet conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about West Byfleet around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, West Byfleet Education with plans and statistics, Local Amenities and other useful information regarding West Byfleet.
I'm purchasing a new build house in West Byfleet benefiting from help to buy. The sellers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not disclose to my conveyancer about this deal as it could adversely affect my loan with HSBC Bank. 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.
Taking into account that I will soon spend hundreds of thousands of pounds on a house in West Byfleet I would like to have a conversation with the lawyer regarding thehome move prior to appointing the firm. Can this be arranged?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor who will be conducting your conveyancing in West Byfleet.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in West Byfleet should be the amount on the final invoice that you end up paying.