The sellers of the property we are hoping to buy are using a conveyancing practitioner in Bembridge who has recommended a exclusivity contract with a payment two thousand pounds. Are such contracts promoted for Bembridge conveyancing transactions?

Exclusivity contracts are agreements binding a home owner and prospective buyer giving the buyer the sole right to purchase the premises within an agreed time frame. Essentially, a lock out is a document specifying that you should receive a contract at a later date being the main conveyancing contract. It tends to be used for buyer assurance though in some cases, the seller may stand to benefit from such agreements as well. There are various pros and cons to using an agreement but you should to check with your conveyancer but beware that it may end up costing you more in conveyancing charges. In light of this these agreements are not popular in relation to conveyancing in Bembridge.

What is the optimum way to discover of the solicitor carrying out my conveyancing in Bembridge is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus spending £175.00 in additional conveyancing bill.

Please do take advantage of the find a lender approved solicitor tool on this page. Please choose the lender and type ‘Bembridge’ or your preferred area and you will be presented with a number of lawyer based in Bembridge or by proximity to you.

Should my conveyancer be raising enquiries concerning flooding during the conveyancing in Bembridge.

The risk of flooding is if increasing concern for solicitors conducting conveyancing in Bembridge. There are those who buy a property in Bembridge, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not qualified to impart advice on flood risk, but there are a numerous searches that can be initiated by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Bembridge. The standard information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to discover if the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the owner, then a purchaser could issue a legal claim for losses as a result of such an inaccurate response. The buyer’s lawyers may also order an environmental search. This will higlight whether there is any known flood risk. If so, more detailed inquiries should be made.

I'm buying a new build house in Bembridge benefiting from help to buy. The builders would not reduce the price so I negotiated 6k of extras instead. The sale representative told me not disclose to my solicitor about this deal as it will affect my mortgage with Godiva Mortgages Ltd. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

Hoping to buy a property located in Bembridge and I am already nervous. I couldn't find anything specific about Bembridge. Conveyancing will be needed in due course but do you know about the Bembridge area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Bembridge. In the meantime here are some basic statistics that we found