The owners of the property we are hoping to buy have instructed a conveyancing firm in Mossley who has suggested a preliminary contract with a payment of 5k. Is it wise to enter into such agreements?

There are a couple of primary concerns with executing a lock out agreement (sometimes known as a shut-out contract) is that it takes away the focus from moving forward with the conveyancing transaction itself, so in the absence of it needing little or no negotiation then it could transpire to be a cause of frustration and delay. It is not strongly advocated by Mossley conveyancing practitioners for this reason. The other main issue is the extent of the remedies available - an aggrieved buyer is not likely to win an injunctive ruling by a court to bar the owner completing the sale to another buyer, so the only remedy available under the contract will be the recovery of wasted costs and, in rare scenarios, the additional payment of damages.

We see that you have a post code search directory listing law firms on the conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Mossley?

We are a listing service only for law firms wishing to communicate if they are on the conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Mossley.

2 months have gone by following my purchase conveyancing in Mossley took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am buying a new build house in Mossley benefiting from help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not disclose to my lawyer about this deal as it will affect my mortgage with the bank. 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.

Is there a reason that Mossley conveyancing fees differ for leasehold and freehold properties?

Leasehold conveyancing in Mossley will often involve additional due diligence such as investigating the lease, corresponding with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.