We were just about to sign contracts for a freehold house in Fitzrovia. We encountered a snag. The loan offer with National Westminster Bank runs out on 10/6/2025 but the vendors are insisting on a completion date of 12/6/2025. Can one prolong the loan offer?
The best person to address this issue is your conveyancer who should assess whether they better off negotiating with the bank, vendor’s conveyancers, estate agents or conceivably all three based on the circumstances your conveyancing as of today.
Do all mortgage companies provide you with an approved list of Fitzrovia conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?
Fitzrovia conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
My fiance and I decided to purchase a newbuild flat in Fitzrovia with a loan from Yorkshire Building Society.We use our Fitzrovia conveyancing solicitor but Yorkshire Building Society advised that she’s not listed on their approved list of firms. We have to appoint a Yorkshire Building Society panel solicitor or keep our high street solicitor and pay for a Yorkshire Building Society panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan issued to you contains various provisions, one of which will be that lawyers needs to be on the Yorkshire Building Society approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Yorkshire Building Society
About to purchase a new build flat in Fitzrovia. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Fitzrovia
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am a sole trader intending to take over a lease of a shop on the high street. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Fitzrovia for below £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Fitzrovia, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. As for the fees these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or telephone us so that we may furnish you with a detailed commercial conveyancing quote.
My wife and I have chosen a Fitzrovia conveyancing solicitor for our home move (FTB’s) and have spotted in the engagement letter that they are not regulated by the FCA. Am I right to be worried or is that standard with property lawyer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set specific stipulations regulating monies sitting by them.