The owners have rather brash sellers who has insisted on a exclusivity agreement with a non-refundable deposit two thousand pounds. Are such agreements sensible?
Lock out contracts are agreements between a property seller and purchaser giving the buyer exclusive rights to purchase the property for a set period of time. Essentially, a lock out is a document specifying that you should receive a contract at a later date being the main conveyancing contract. It is generally used for buyer assurance though in some cases, the seller may stand to benefit from such agreements as well. There are numerous pros and cons to using them but you should to check with your conveyancer but beware that it may end up costing you extra in conveyancing charges. For this these contracts are avoided when it comes to conveyancing in Nottinghamshire.
I am about to put a bid on a leasehold flat in Nottinghamshire. The property agents tell me that it is standard for flats in Nottinghamshire to have less than 75 years unexpired on the lease. I am taking out a loan with Tesco Bank. Will the property be mortgageable given that the lease has 69 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 31/10/2026 the requirements read as follows :
If you had a top tip for choosing a conveyancing solicitor in Nottinghamshire what would it be?
Do not opt for the cheapest Nottinghamshire conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am the sole beneficiary of my late grandmother’s will and I have everything in my name now, including the house in Nottinghamshire. The Nottinghamshire property was put into my name in October. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my property ownership will be treated the same way as though I had purchased the house in October. Do I have to wait 6 months to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How sensible a view banks take of it, depend on the bank as this provision is chiefly there to identify subsales or the quick reselling of properties.
Clydesdale have agreed my mortgage in principle, my offer on a property in Nottinghamshire has been agreed to, now what?
The estate agent will wish to know who your solicitors are (make sure the solicitors are on the bank’s approved list). Telephone Clydesdale or the financial adviser and finish off any appropriate documentation. Clydesdale will appoint a valuer who will get in contact with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Clydesdale will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Nottinghamshire.
Me and my brother own a semi-detached Edwardian house in Nottinghamshire. Conveyancing practitioner acted for me and Yorkshire Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nottinghamshire and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing solicitor who conducted the work.
Expecting to exchange soon on a garden flat in Nottinghamshire. Conveyancing lawyers have said that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Nottinghamshire should include some of the following:
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Specifying your rights in relation to the communal areas in the block.For instance, does the lease permit a right of way over an accessway or hallways? Are you allowed to have a pet in the flat? What the implications are if you breach a clause of your lease? You should be informed what is to be regarded as a Nuisance as far as the lease is concerned Do you need to have carpet in the flat or are you allowed wood flooring?
Nottinghamshire Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
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How long is the Lease? This question is important as a) areas may result in problems in the building as the common areas may begin to deteriorate if repairs are not paid for b) if the leasehold owners have a dispute with the managing agents you will need to have full disclosure
My husband and I accepted an offer on a Nottinghamshire apartment we inherited 5 years ago in 2010. I have over 12 years conveyancing know-how and, although retired, intend to carry out the legal work. The buyer's lawyer has informed me that their Lenders will not allow you to do your own conveyancing insisting the funds to be sent to a solicitor's bank account.
Lending requirements to conveyancing practitioners from all mainstream lenders state that If the vendor is not legally represented the buyer’s lawyers should check whether the lender needs to be informed so that a decision can be made as to whether or not they are prepared to progress.