We are acquiring our first property. The conveyancing practitioner has texted usto ask if we would like to order extra conveyancing searches. We are really unsure what's recommended for conveyancing in Smithfield
The scope of Smithfield conveyancing searches depends primarily on the premises, the location, the possibility of any of these risks, your familiarity of the area and risks, your general attitude to risk. What matters is that you properly understand what information each search could supply. You may then make a decision if you personally think you need that search. If in doubt, ask the property lawyer to provide guidance.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Smithfield. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/3/2026, the requirements read as follows :
This question may be naive but I am wet behind the ears as FTB of a ground floor flat in Smithfield. Do I collect the keys to the house on completion from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Smithfield?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's lawyers, and once they have received this, you should be invited to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
My lawyer has informed me that missing deeds insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Smithfield?
The appropriate level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such policies.
Is it the case that all Smithfield solicitors on the Nottingham conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Nottingham conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.
four months have elapsed following my purchase conveyancing in Smithfield completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What does commercial conveyancing in Smithfield cover?
Non domestic conveyancing in Smithfield covers a broad array of guidance, supplied by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am employed by a reputable estate agency in Smithfield where we have witnessed a number of flat sales put at risk as a result of short leases. I have been given inconsistent advice from local Smithfield conveyancing solicitors. Could you shed some light as to whether the owner of a flat can commence the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a 1 bedroom flat in Smithfield, conveyancing having been completed in 1997. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Smithfield with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £50 yearly. The lease runs out on 21st October 2104
With just 78 years left to run the likely cost is going to range between £7,600 and £8,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.