I am about to put an offer on a leasehold apartment in Shoreditch. The estate agents assure me that it is the norm for flats in Shoreditch to have less than 75 years unexpired on the lease. I am getting a mortgage with Virgin. Is this going to be acceptable if the lease has 69 years left.
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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 7/5/2025 the requirements read as follows :
How can we know in advance if a Shoreditch conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Shoreditch seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer carrying out your transaction.
I recently had an offer agreed on an apartment in Shoreditch. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £175. A couple of days later, the solicitor contacted me embarrassingly acknowledging that they were not on the Aldermore 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 Aldermore 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.
Our sealed bid on a property in Shoreditch has been agreed to, the owners do however have an associated purchase. The sellers have offered on a flat, but it’s not yet tied up, and have viewings of other flats booked. I have instructed a high street conveyancing solicitor in Shoreditch. What do I do now? At what stage do I apply for the mortgage with Santander?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then valuation, Shoreditch conveyancing search costs, etc). First, you must ensure that your lawyer is on the Santander conveyancing panel. As to the subsequent steps this very much depends on the specifics of your case, desire for the property and on the state of the market. During a rising market some home buyers will apply for a home loan with Santander and pay for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to proceed with the conveyancing in Shoreditch.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Shoreditch I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Shoreditch suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can 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 with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I am looking to sell my home. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Shoreditch if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Shoreditch. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I need to instruct a conveyancing solicitor for freehold conveyancing in Shoreditch. I have discover a site which seems to have the perfect offering If there is a chance to get all the legals done via phone that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My husband and I are are seeking to find a dependable conveyancing lawyer in Shoreditch to help me sell my home. I I am concerned about by bill escalating out of control but with various Shoreditch conveyancing practices to pick from...who's the best?
A trustworthy personal recommendation via someone who has instructed a conveyancing solicitor before is no doubt a preferable. You are bound to know someone who has used a conveyancing lawyer previously. Feel free to use our comparison tool for Shoreditch conveyancing quotes