We were just about to exchange contracts for a property in Maida Vale. We encountered a snag. Our mortgage offer with Lloyds TSB Bank expires on 29/6/2026 but the owners are putting forward a completion date of 1/7/2026. Is it possible to extend the mortgage offer?
The best person to deal with your concern is your lawyer who will determine whether they should be discussing with the lender, seller’s solicitors, property agents or conceivably all three based on what has gone on in your transaction as of today.
We note that you have a search directory identifying solicitors on the Coventry BS conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Maida Vale?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Maida Vale.
My relative advised me that where I am purchasing in Maida Vale I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Maida Vale conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Maida Vale around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Maida Vale Education with maps and statistics, Local Amenities and other useful data regarding Maida Vale.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Maida Vale I like with a park and station nearby, however it's only got 51 years unexpired on the lease. There is not much else in Maida Vale suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Is it possible to transfer to a new solicitor as I have to instruct a firm on the TSB conveyancing panel. I had appointed a local conveyancing solicitor in Maida Vale five minutes from me but she is not approved by TSB
It would be our pleasure to assist you select a conveyancing solicitor in Maida Vale on the TSB panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Maida Vale. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Maida Vale.
I’m about to sell my garden flat in Maida Vale. Conveyancing lawyers have not yet been instructed, however I have recently received a half-yearly service charge demand – should I leave it to the buyer to sort out?
It best that you discharge the maintenance contribution as usual as all rents and service charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the leaseholder of a ground floor flat in Maida Vale. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
if there is a missing landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to make a decision on the premium.
An example of a Freehold Enfranchisement decision for a Maida Vale residence is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case affected 2 flats. The remaining number of years on the lease was 70.02 years.