The sellers of the property we are looking to purchase have appointed a conveyancing practitioner in Woking who has insisted on a preliminary agreement with a non-refundable deposit 6,000. Are such contracts the norm for Woking conveyancing transactions?
There are a couple of primary drawbacks with entering into any lock out agreement (occasionally known as a no-shop agreement) is that it diverts attention away from moving forward with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it could turn out to be a hindrance. It is not strongly advocated by Woking conveyancing practitioners for this reason. A further concern is the extent of the remedies available - an aggrieved purchaser is very unlikely to be granted injunctive relief to bar the owner completing the sale to another buyer, so the only remedy open via the contract will be the reimbursement of wasted costs and, in limited circumstances, the extra payment of penalties.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Woking. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/6/2025, the requirements read as follows :
I'm the single recipient of my late father’s will with all property in now in my sole name, including the house in Woking. The Woking property was put into my name in May. I now wish to sell up. I understand that there is a CML 6 month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in May. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. How practical a view banks take of it, depend on the mortgage company as this clause is primarily there to identify subsales or the wholesaling and assigning of properties.
When it comes to lenders such as Clydesdale, do Woking property lawyers have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any bank fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
My partner and I have arranged a further advance on our home loan from Nationwide as we intend to conduct a loft conversion to our house in Woking. Do we need to choose a high street Woking solicitor on the Nationwide conveyancing panel to handle the paperwork?
Nationwide do not ordinarily appoint a member of their approved list of lawyers 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 Nationwide conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build flat in Woking. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Woking
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What makes your site different to other online quote calculators for conveyancing in Woking?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Woking. As opposed to estate agents and brokerage sites we do not have referral deals with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the highest commission, rather than the best value conveyancing in Woking
I am tempted by the attractive purchase price for a two apartments in Woking which have about 50 years unexpired on the leases. Will this present a problem?
There are plenty of short leases in Woking. The lease is a right to use the premises for a prescribed time frame. As a lease shortens the marketability of the lease reduces and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this arena.
Woking Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
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Most Woking leasehold apartments will be liable to pay a service charge for maintenance of the block invoiced on behalf of the landlord. If you purchase the flat you will have to pay this liability, normally in instalments during the year. This may be anything from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, this is usually not a significant amount, say around £25-£75 but you need to check it because on occasion it can be prohibitively expensive. How much is the annual service fee and ground rent? Generally speaking the cost for major works are not included within service charges, although there some managing agents in Woking require leaseholders to contribute towards a sinking fund and this is used to offset against larger works.