The owners have very assertive vendors who has insisted on a preliminary agreement with a down payment 6,000. Are such arrangements generally advanced for Clerkenwell conveyancing transactions?
This form of preliminary agreement is unusual in Clerkenwell, conveyancers are often found to direct clients away from them as they detract from focusing on the main conveyancing focus and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the proprietor has entered into a lock out contract they will complete the sale with you. They may be in contravention of the contract if they receive a big enough financial inducement to do so because a wronged party with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and these may not amount to the financial benefit that your vendor may obtain by breaking the contract, however morally reprehensible it undoubtedly is.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Clerkenwell. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/2/2026, the requirements read as follows :
How does conveyancing in Clerkenwell differ for newly converted properties?
Most buyers of new build residence in Clerkenwell approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Clerkenwell typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Clerkenwell or who has acted in the same development.
I opted to have a survey completed on a property in Clerkenwell ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders may refuse to grant a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Clerkenwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Clerkenwell to see if the conveyancing will be more expensive.
How do I use your search facility to choose a conveyancing lawyer in Clerkenwell on the authorised to act for my mortgage?
First choose a bank such as Yorkshire Building Society, Coventry Building Society or Britannia then specify your preferred area for instance Clerkenwell. Conveyancing practices in Clerkenwell and across England and Wales should be listed.
We had our mortgage approved on Tuesday with our lender. We instructed a high street conveyancer in Clerkenwell yesterday. A couple of hours ago, our broker contacted us saying that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the mortgage company had a say Is this allowed?
You are at liberty to select any lawyer you prefer to appoint including the said conveyancer in Clerkenwell nevertheless if your bank aren't happy with them you will have to fork out an extra fee so the mortgage company can instruct their own lawyers. sometimes it is conceivable that your preferred conveyancing firm to get added to the lender list of approved firms. Do make the most of online search facilities such as lenderpanel.com to find a conveyancing solcitor in Clerkenwell on the bank panel. You can go into your high street bank branch in Clerkenwell. They can recommend conveyancing solicitors in Clerkenwell on the approved list.