We are purchasing our first house. Our solicitor has calledto ask if we would like to order supplemental conveyancing searches. We are really unsure what's recommended for conveyancing in Barnsbury
The range of Barnsbury conveyancing searches should be triggered based entirely on the premises, the location, the possibility of any of these risks, your knowledge of the area and risks, your general approach to risk. What is important is that you properly understand what information each search could provide. Then you can make a decision if you consider that you need that search. Should you be unclear, ask the lawyer to provide guidance.
I am about to put an offer on a leasehold flat in Barnsbury. The selling agents say that it is normal for flats in Barnsbury to have less than 75 years left on the lease. I am taking out a mortgage with Platform. Is this going to be acceptable if the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 30/6/2025 the requirements read as follows :
How does conveyancing in Barnsbury differ for newly converted properties?
Most buyers of new build residence in Barnsbury contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because developers in Barnsbury typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Barnsbury or who has acted in the same development.
My company is intending to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Barnsbury for below 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Barnsbury, including the sale and acquisition of businesses as well as simply property. If you are looking to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. Regarding the charges this will depend on the structure and complexity of the deal. Please provide us with your details or phone us so that we may supply you with a fixed commercial conveyancing quote.
I've found a house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have since found out that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Barnsbury. Conveyancing advisers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Barnsbury ?
Most houses in Barnsbury are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Barnsbury in which case you should be looking for a Barnsbury conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your lawyer will appraise you on the various issues.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Barnsbury conveyancing firm to help?
Most definitely. We can put you in touch with a Barnsbury conveyancing firm who can help.
An example of a Lease Extension case for a Barnsbury flat is Flat 120, Clare Court Judd Street in August 2013. the Tribunal held that the premium to be paid for the extension of the lease should be £64,650 This case related to 1 flat. The remaining number of years on the lease was 62.79 years.
I have miscalculated my finances and am a couple of grand short a 10% deposit on my apartment purchase in Barnsbury , but I am anxious proceed. What can I do?
You can accept a lesser deposit. Many vendors will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment