We have rather brash vendors who has recommended a exclusivity contract with a payment two thousand pounds. Are such agreements sensible?

There are a couple of primary concerns with signing a lock out agreement (sometimes known as a shut-out contract) is that it takes away the focus from progressing with the conveyancing process, so unless it requires minimal or no negotiation then it may turn out to be a hindrance. It is not strongly advocated amongst Tredegar conveyancing lawyers as a result. A supplemental negative is the extent of the remedies available - a jilted purchaser should not expect to secure an injunction to stop the owner disposing of the property to a third party, so the only remedy open via the agreement will be the recovery of wasted costs and, in limited situations, the extra payment of damages.

Will my conveyancing lawyers need to check that the building insurance when buying a house in Tredegar. My lender is Platform

Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/10/2025, the requirements read as follows :

Due to the input of my in-laws I had a survey completed on a property in Tredegar prior to retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks may refuse to issue a loan on a flying freehold property.

It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tredegar. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tredegar to see if the conveyancing will be more expensive.

If all goes to plan we aim to complete the disposal of our £375,000 garden flat in Tredegar next week. The landlords agents has quoted £300 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Tredegar?

Tredegar conveyancing on leasehold apartments nine out of ten times results in fees being raised by landlords agents :

Answering pre-exchange enquiries Where consent is required before sale in Tredegar Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Tredegar leasehold property is £350. For Tredegar conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide the information.

Leasehold Conveyancing in Tredegar - A selection of Queries before buying

Most Tredegar leasehold flats will incur a service charge for maintenance of the building levied on behalf of the management company. If you buy the flat you will have to meet this amount, normally periodically accross the year. This can be anything from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a ground rent for you to pay yearly, ordinarily this is not a significant amount, say about £25-£75 but you need to enquire it because sometimes it could be many hundreds of pounds. Who are the managing agents? The prefered form of lease arrangement is a share of the freehold. In this scenario the leaseholders benefit from being in charge if their destiny and notwithstanding that a managing agent is often employed where it is bigger than a house conversion, the managing agent is directed by the tenants.

How do I find a Tredegar conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 10kilometers to meet the lawyer.

You can use the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Tredegar and you will see a number of lawyer located nearest Tredegar. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.