The owners have very brash vendors who has recommended a preliminary contract with a deposit of 5k. Are such arrangements the norm for Nuneaton conveyancing transactions?
Exclusivity agreements are agreements between a property vendor and prospective acquirer granting the buyer a ‘clear field’ to the sale of the property within an agreed time frame. Essentially, a lock out agreement is a contract specifying that you should receive a contract at a later time which is the main conveyancing contract. It is generally utilised for buyer assurance though in some cases, the owner may stand to benefit from such agreements as well. There are many pros and cons to using them but you need to check with your solicitor but note that it may result in costing you extra in conveyancing charges. In light of this these agreements are unusual in relation to conveyancing in Nuneaton.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Nuneaton. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 29/3/2025, the requirements read as follows :
A friend informed me that in purchasing a property in Nuneaton there may be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
We are aware of a number of properties in Nuneaton which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Nuneaton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My partner and I have organised a further advance on our home loan from Lloyds as we want to conduct alterations to our property in Nuneaton. Do we need to select a high street Nuneaton solicitor on the Lloyds conveyancing panel to deal with the paperwork?
Lloyds do not ordinarily appoint a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds conveyancing panel.
I am purchasing a property in Nuneaton. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
As you are obtaining a mortgage with Principality your lawyer must check the formal instructions contained in Part two of UK Finance Lenders’ Handbook for Principality. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and solicitors are required to report to Principality where a lease fails to satisfy these specifications. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Nuneaton.
I require quick conveyancing in Nuneaton as I am faced with pressure to complete within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are not getting a home loan you are at free not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Nuneaton the following are examples of issues that can arise and adversely affect future saleability: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
I'm buying a new build house in Nuneaton with a mortgage from TSB. The developers would not budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not disclose to my conveyancer about the deal as it may jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My husband and I are novice buyers - agreed a price, but the property agent has warned us that the vendor will only move forward if we instruct their preferred solicitors as they want a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Nuneaton
It is unlikely the owners are behind this. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is counter productive. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred Nuneaton conveyancing firm - not the ones that will provide the negotiator at the agency a referral fee or meet his conveyancing figures demanded by senior management.