The owners of the property we are hoping to buy hired a conveyancing firm in Piccadilly who has suggested a exclusivity agreement with a down payment of 5k. Are such agreements appropriate for Piccadilly conveyancing transactions?
This type of contract isn't frequently used in Piccadilly, conveyancers will often encourage clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer is left exposed. In addition, there is no guarantee that just because the vendor has executed a lock out agreement they will sell to you. They may breach the contract if they receive sufficient financial inducement to do so because a wronged buyer with the benefit of a exclusivitycontract will still be duty bound to establish consequential losses from the breach and these may not equate the extra amount that the owner may secure by reneging on the contract, no matter how morally condemnable the behaviour is.
Having sold my house in Piccadilly last November yet the purchaser is telephoning every few hours to say their conveyancer needs to hear from mylawyer. What are the post completion sale formalities now that I have sold?
Post completion of your sale your lawyer should send the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer must also evidence that the home loan has been repaid to the buyers lawyers. There is unlikely to be post completion tasks just for conveyancing in Piccadilly.
My property lawyer in Piccadilly has never been on on the Virgin Money Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the Virgin Money panel?
Your options are as follows:
- Complete the purchase with your preferred Piccadilly solicitors but Virgin Money will need to instruct a solicitor on their panel. This will result in additional total conveyancing charges as well as result in delays.
- Choose an alternative lawyer to act in the conveyancing, remembering to check they are Virgin Money approved.
- Try to convince your Virgin Money solicitor to seek to join the Virgin Money panel
I recently had an offer agreed on an apartment in Piccadilly. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an upfront payment of £225. Not long after, the conveyancer contacted me to say that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer was accepted on a property in Piccadilly on 20/5/2026, valuation was booked 2 days after, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on an apartment in Piccadilly accepted, the owners do however have a tied purchase. The sellers have put an offer on a flat, but it’s not yet tied up, and have viewings of other apartments in the pipeline. I have instructed a local conveyancing solicitor in Piccadilly. What should be my next step? When do I get the mortgage application with TSB started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Piccadilly conveyancing search fees, etc). First, you should ensure that your property lawyer is on the TSB conveyancing panel. As to the subsequent stages this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a buoyant market the majority of purchasers would apply for the mortgage with TSB and arrange for the valuation and only if it was satisfactory would they request their property lawyer to proceed with searches.
I am using a search engine for the words conveyancing in Piccadilly it shows results of numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?
The preferential way of seeking a suitable conveyancer is through a personal referral, so enquire of colleagues and relatives who have acquired a property in Piccadilly or a respected estate agent or mortgage broker. Costs for conveyancing in Piccadilly differ, so it's advisable to obtain at least four fee calculations from varying types of property lawyers. Be sure to seek confirmation that the costs are assured not to escalate.
My wife and I purchased a leasehold flat in Piccadilly. Conveyancing and HSBC Bank mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Piccadilly who previously acted has now retired. What should I do?
The first thing you should do is contact the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to instruct a Piccadilly conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Following years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Piccadilly. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to assess the price.
An example of a Lease Extension case for a Piccadilly property is Flat 1 3 Upper Belgrave Street in December 2010. The Tribunal determined that the price payablefor the Lease extension in respect of the subject premises was £2,202,007 This case was in relation to 1 flat. The unexpired lease term was 21 years.