The owners have very assertive sellers who has insisted on a lock out agreement with a payment of 5k. Is it wise to enter into such agreements?

This type of contract is not the norm in Market Drayton, conveyancers will often sway clients away from them as they divert attention from the main conveyancing focus and if you end up having your deposit forfeited then the lawyer is left exposed. Furthermore, there is no guarantee that just because the vendor has executed an exclusivity agreement they will sell to you. They may be tempted to break the contract if they receive a big enough incentive to do so because an aggrieved party with the benefit of a exclusivity agreement will still be obliged show losses as a consequence of the breach and this may not equate the financial upside that your vendor may secure by breaching the contract, no matter how morally condemnable it undoubtedly is.

I am purchasing a semi-detached house in Market Drayton. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Market Drayton you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Market Drayton.

This question may be naive but I am new to the process as FTB of a two bedroom flat in Market Drayton. Do I pick up the keys to the house on the completion date from my lawyer? If so, I will use a High Street conveyancing solicitor in Market Drayton?

On the day of completion you do not need to go to the conveyancers office in Market Drayton. Your solicitors will arrange to send the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to collect the keys from the Estate Agents and move into your new home. Usually this happens between 1 and 3pm.

I am expecting a DIP from Barclays this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Market Drayton solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Market Drayton solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.

My fiancee and I are in the process of viewing apartments in Market Drayton and I am about to put in an offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with Coventry BS.

You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are taking out a mortgage with Coventry BS, ask your prospective lawyers if they are on the Coventry BS conveyancing panel otherwise they can't do the mortgage legal work.

I am purchasing my first flat in Market Drayton with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not reveal to my lawyer about this side-deal as it will jeopardize my loan with the lender. Is this normal?.

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.

Been on the hunt for a conveyancer for leasehold sale conveyancing in Market Drayton. We are selling, simple no mortgage to pay off, no hurry, no onward chain. Received a quote from a lawyer for a thousand pounds plus VAT which is a tad expensive considering its so straightforward. Can I pay less for conveyancing in Market Drayton?

Given that it’s a sale only, £425 + VAT should be about the best for a Market Drayton solicitor firm.