We are a couple about to sign contracts for a freehold house in Shadwell. We have hit a problem. Our mortgage offer with Leeds Building Society expires on 10/3/2026 but the owners are insisting on a completion date of 12/3/2026. Can one prolong the loan offer?
The person best placed to deal with your question is your solicitors who should assess whether they better off negotiating with the mortgage broker, vendor’s solicitors, property agents or possibly all three based on the history of your transaction to date.
What does my ID and proof of funds have anything to do with my conveyancing in Shadwell? What am I being asked for?
It is indeed that case that these requests have nothing to do with conveyancing in Shadwell. Nowadays you can not proceed with any conveyancing transaction if you have not handing over evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a council tax bill. Please note that if you are providing your driving licence as evidence of ID it must be both the paper element and photo card part, one is not sufficient in the absence of the other.
Proof of the origin of funds is mandated under Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancer will need to retain this information on record. Your Shadwell conveyancing lawyer will require evidence of proof of funds before they are able to accept any money from you into their client account and they may also ask additional queries regarding the origin of funds.
We're in Shadwell, First time buyers buying with a mortgage (lender is RBS , and our lawyer is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Shadwell is where the house is located. What do you suggest?
Flying freeholds in Shadwell are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shadwell you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shadwell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Due to sign contracts shortly on a leasehold property in Shadwell. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Shadwell should include some of the following:
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Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? You must be told what counts as a Nuisance in the lease Setting out your legal entitlements in relation to common areas in the block.For example, does the lease contain a right of way over a path or hallways? Where does the liability rest to repair and maintain the building. It is important that you know which party is responsible the repair and maintenance of every part of the building You should know whether the lease allows you to add or upgrade anything in the property- you must be made aware as to whether it applies to all alterations or just structural alteration, and whether permission is mandated necessary
I am the leaseholder of a first floor flat in Shadwell. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Most definitely. We are happy to put you in touch with a Shadwell conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Shadwell residence is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case was in relation to 3 flats. The unexpired term as at the valuation date was 101.61 years.
We today discovered that one of the partners of the firm undertaking the purchase conveyancing in Shadwell is a relative of the owners that we are purchasing from. Is this acceptable?
Provided there is no conflict of interest this should be fine. If you are requiring a home loan then the lender may have a say as many lenders have specific instructions concerning this. For example for Virgin as of 10/1/2026, the requirements read as follows :