The sellers of the property we are purchasing have appointed a conveyancing practitioner in Prestwich who has recommended a exclusivity agreement with a payment 10k. Is it wise to enter into such agreements?

Lock out contracts are agreements binding a property vendor and prospective buyer giving the buyer a ‘clear field’ to purchase the property within an agreed time frame. Essentially, a lock out agreement is a contract specifying that you should have a contract at a later time being the contract for the actual sale. It is generally used for buyer confidence though in some cases, the proprietor may stand to benefit from such agreements as well. There are many pros and cons to using an agreement but you need to check with your solicitor but note that it may end up incurring extra in conveyancing charges. In light of these reasons these agreements are unusual in relation to conveyancing in Prestwich.

Finally the sale completed on my house in Prestwich last June yet the purchaser is calling me complaining that their lawyer is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?

After completion of your disposal your lawyer is obliged to forward the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Where relevant, your solicitor should also evidence that the home loan has been repaid to the purchasers conveyancers. There is unlikely to be post completion tasks just for conveyancing in Prestwich.

Are the BSA planning on creating a online directory to to identify practices on the Loughborough BS conveyancing panel for example in Prestwich?

Lexsure has not been advised of any intention on the part of the BSA to develop such a register.

Will our conveyancer be asking questions regarding flooding during the conveyancing in Prestwich.

Flooding is a growing risk for conveyancers dealing with homes in Prestwich. Plenty of people will buy a property in Prestwich, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.

Solicitors are not best placed to offer advice on flood risk, however there are a number of searches that can be carried out by the purchaser or by their lawyers which will figure out the risks in Prestwich. The conventional set of property information forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the vendor to determine if the premises has historically flooded. If the premises has been flooded in past and is not notified by the seller, then a purchaser may commence a claim for damages resulting from an misleading response. The buyer’s conveyancers should also commission an enviro report. This will higlight if there is a recorded flood risk. If so, additional inquiries should be initiated.

Have completed on a a terraced house in Prestwich , how long should it take for the Land Registry to register the transfer to my name? My Prestwich conveyancing solicitor works at snail pace, so I want to check that my name is registered.

There is nothing unique about conveyancing in Prestwich registration formalities. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. As of today in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to longer delays. Registration takes place after the buyer is living at the premises therefore post completion formalities is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.