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Find a Lender-Approved Local Conveyancer in Aldermanbury

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Conveyancing in Aldermanbury : Keep it Local

Reasons to use our Aldermanbury conveyancing solicitors

  • 1 The practices listed on our web pages have a variation of conveyancing lawyers, legal executives and support staff handling over one hundred thousand cases annually.
  • 2 Cut price packages from online conveyancers might seem attractive. However, these organisations are often based many kilometers away with little appreciation of the factors that affect property transactions in Aldermanbury
  • 3 The Aldermanbury conveyancing practitioners that we work with are committed to providing the most cost, efficient and transparent conveyancing service to borrowers, sellers and investors in Aldermanbury
  • 4 Aldermanbury property lawyers work in partnership with Aldermanbury estate agents, developers, surveyors, banks and other professionals to ensure that a quality service is provided to buyers and sellers every step of the way, helping make the process as straightforward as possible
  • 5 Aldermanbury conveyancers are likely to acquainted with the local Land Registry Office, Local Authority and selling agents

Examples of recent conveyancing in Aldermanbury since August 2023*

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Disposal

of apartment Barbican EC2Y 8ND, at sale sum of £950,000. Leasehold conveyancing included: sending conveyancing papers to buyers representatives, taking formal instructions from and updating the seller client, ordering official copies of the title

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Transfer

of apartment Moor Lane EC2Y 9AP, at purchase price of £535,000. Leasehold conveyancing included: sending conveyancing papers to buyers representatives, dealing with appropriate requisitions and enquiries, setting up the completion formalities

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Purchase

of flat Frobisher Crescent EC2Y 8HD, acquired for £700,000. Leasehold conveyancing legalities included: taking formal instructions from and updating the seller client, ordering official copies of the title, preparing statement detailing charges

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Transfer

of flat Barbican EC2Y 8DL, at the agreed sum of £750,000. Leasehold conveyancing included: drafting the sale agreement and Transfer, sending conveyancing papers to buyers representatives, dealing with appropriate requisitions and enquiries

Recently asked questions about conveyancing in Aldermanbury

My fiance and I are hoping to purchase a home in Aldermanbury and have instructed a Aldermanbury conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Bank of Scotland have this evening contacted us to inform me that they have now hit a problem as our Aldermanbury conveyancer is not on their conveyancing panel. Please explain?

If you are buying a property needing a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Aldermanbury solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.

Our conveyancer has discovered a defect with the lease for the apartment we are purchasing in Aldermanbury. The seller’s lawyers have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the bank is willing to move forward with this solution. Are we the client or is the mortgage company ?

Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. These conveyancing instructions have to be complied with.

I have been on the look out for a ground for flat up to £245,000 and identified one near me in Aldermanbury I like with open areas and station in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Aldermanbury suitable, so just wondered if I would be making a grave error buying a short lease?

Should you require a mortgage the shortness of the lease will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.

I am four weeks into a residential purchase having been directed to conveyancers by the high street agent to handle our conveyancing in Aldermanbury. I am am extremely disappointed with the level of service. Can you help me find new lawyers?

They would have to be very bad in order to consider replacing them. Has your loan offer been sent? If so you will need to make them aware of the new contact details and ensure the loan are re-issued. The conveyancer should be on the lenders panel to avoid escalating costs and delays. So that should be your starting point. Our find a solicitor tool should help you find a bank approved lawyer for your home move in Aldermanbury

I am a negotiator for a reputable estate agent office in Aldermanbury where we have experienced a number of flat sales derailed as a result of short leases. I have received inconsistent advice from local Aldermanbury conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can start the lease extension formalities 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 start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 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 simultaneously with completion of the sale.

An alternative approach is to agree the lease extension with the freeholder 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.

After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Aldermanbury. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the LVT to determine the sum to be paid.

An example of a Lease Extension case for a Aldermanbury property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case related to 2 flats. The unexpired term as at the valuation date was 72.39 years.

I was informed by my lender that their approved solicitors work on no completion no fee basis for conveyancing in Aldermanbury. I had a purchase abort and now the conveyancers want search fees! They say the fees are independent!

By offering "no move no fee" Aldermanbury conveyancing firms are waiving their charges for any work done. We should make it clear that this is NOT an insurance scheme. you will still need to cover any charges that the conveyancer has expended for you for example Aldermanbury local authority checks

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Sample of conveyancing solicitors in Aldermanbury regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Aldermanbury but also conveyancing throughout England and Wales.

  • Bullivant Law Limited, Blackwell House, Guildhall Yard, London, London, EC2V 5AE
  • Mcfaddens Llp, City Tower, 40 Basinghall Street, London, EC2V 5DE
  • Fujioka Company Limited, City Tower, 40 Basinghall Street, London, England, EC2V 5DE
  • Pirola Pennuto Zei & Associati Uk Llp, 18th Floor City Tower, 40 Basinghall Street, London, EC2V 5DE
  • Burtonwoods, Wax Chandlers Hall, 6 Gresham Street, London, Greater London, EC2V 7AD

Residential Landlord and Tenant Conveyancing solicitors in Aldermanbury

The firms listed below are a small selection of solicitors in Aldermanbury specialising in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on wrongful eviction

  • Orchard Solicitors Limited, 10th Floor, 88 Wood Street, London, London, EC2V 7RS
  • Arif Jakobs Solicitors, 10th Floor, 88 Wood Street, London, EC2V 7RS
  • Mcfaddens Llp, City Tower, 40 Basinghall Street, London, EC2V 5DE
  • Fujioka Company Limited, City Tower, 40 Basinghall Street, London, England, EC2V 5DE
  • Burtonwoods, Wax Chandlers Hall, 6 Gresham Street, London, Greater London, EC2V 7AD

Planning law solicitors in Aldermanbury regulated by the Solicitors Regulation Authority

The firms listed below are a small selection of solicitors in Aldermanbury practicing in planning law. The solicitors can give expert legal advice on all aspects of planning, including compulsory purchases in Aldermanbury
  • Dla Piper International Llp, 3 Noble Street, London, EC2V 7EE
  • Dla Piper Uk Llp, 3 Noble Street, London, EC2V 7EE
  • Maples Teesdale Llp, 30 King Street, London, EC2V 8EE
  • Eversheds Llp, One Wood Street, London, EC2V 7WS
  • Penningtons Manches Llp, 125 Wood Street, London, EC2V 7AW

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.