The owners have rather brash vendors who has insisted on a lock out contract with a deposit 6,000. Are such agreements sensible?

Lock out agreements are contracts binding a home seller and prospective acquirer giving the buyer the sole right to the sale of the property for a limited period of time. Essentially, a lock out agreement is a contract stating that you should have a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer protection though in many situations, the vendor may stand to benefit from such agreements as well. There are many positives and negatives to using an agreement but you should to check with your conveyancer but beware that it may end up costing you more in conveyancing fees. In light of this these agreements are rare in relation to conveyancing in Barton Le Clay.

Should commercial conveyancing searches reveal planned roadworks that may affect a commercial premises in Barton Le Clay?

Its becoming the norm that commercial conveyancing solicitors in Barton Le Clay will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Barton Le Clay. 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 Barton Le Clay.

For each commercial conveyancing transaction in Barton Le Clay it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Barton Le Clay commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Barton Le Clay.

I decided to have a survey completed on a house in Barton Le Clay ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks may refuse to issue a loan on this type of property.

It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Barton Le Clay. Conveyancing will be smoother if you use a solicitor in Barton Le Clay especially if they regularly deal with such properties in Barton Le Clay.