The owners have very assertive vendors who has recommended a preliminary agreement with a payment of 5k. Are such agreements sensible?
Exclusivity agreements are contracts binding a home vendor and prospective buyer giving the buyer the sole right to the sale of the premises within a prescribed time frame. For all intents and purposes, a lock out is a document stating that you should have a contract at a later time which is the main conveyancing contract. It tends to be used for buyer assurance though in some cases, the proprietor may enjoy an upside from such agreements as well. There are many positives and negatives to having an agreement but you should to check with your conveyancer but beware that it may result in incurring extra in conveyancing charges. In light of these reasons these agreements are avoided in relation to conveyancing in Aldermanbury.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Aldermanbury. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 31/1/2026, the requirements read as follows :
My partner and I are selling our home in Aldermanbury and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Aldermanbury lawyer would know this is not the case. It does beg the question why the purchasers are using an internet conveyancing firm as opposed to a conveyancing solicitor in Aldermanbury. Having lived in Aldermanbury for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I got the keys to my apartment on 12 March and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Aldermanbury expressed confidence that it should be dealt with inside ten days. Are transfers in Aldermanbury particularly slow to register?
There is nothing unique when it comes to conveyancing in Aldermanbury registration formalities. Rather than based on location, timescales can vary according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any interested parties. As of today approximately 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration takes place after the buyer has moved in to the premises thus 'speed' is not always primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer could speak with the land registry and explain the circumstances.
Am I best advised to appoint a Aldermanbury conveyancing lawyer based in the vicinity that I am buying? An old friend can deal with the legal formalities but her office is over three hundred miles drive away.
The primary upside of using a high street Aldermanbury conveyancing practice is that you can attend the office to execute documents, deliver your ID and pester them where appropriate. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were impressed that must outweigh using an unknown Aldermanbury conveyancing solicitor solely due to them being based in the area.