The vendors of the house we are looking to purchase are using a conveyancing practitioner in Dunmow who has recommended a exclusivity contract with a deposit of 5k. Are such agreements sensible?

Lock out agreements are agreements binding a home owner and prospective acquirer giving the buyer the sole right to purchase the property for a set period of time. For all intents and purposes, a lock out agreement is a contract specifying that you should have a contract at a later time which is the main conveyancing contract. It is generally used for buyer assurance though in some cases, the vendor may enjoy an upside from such agreements as well. There are many pros and cons to having an agreement but you need to check with your lawyer but beware that it may result in incurring more in conveyancing charges. For this these contracts are rare in relation to conveyancing in Dunmow.

Various internet forums that I have come across warn that are a common reason for delay in Dunmow conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Dunmow.

I am buying a new build flat in Dunmow. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Dunmow

There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.

I have been recommended by a number of estate agents in Dunmow to select a solicitor on your site. What’s the financial upside for Estate Agents to market your site over another?

We refuse to make any commission for pointing buyers and sellers to this site. We found it would be just too difficult a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.

I have been recommended a conveyancing solicitor in Dunmow. I need to find out if they are on the lender's conveyancing panel. Can you or the lender confirm if they are on the panel?

One option is to call your conveyancer to check if they are on the lender's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the bank panel we we can help find a reputable conveyancing solicitor in Dunmow on the panel for your mortgage company.