My partner and I are getting closer to an exchange on a flat in Broadway and my mum and dad have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?

Your conveyancer is legally required to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

How can the Landlord & Tenant Act 1954 affect my commercial offices in Broadway and how can your lawyers assist?

The 1954 Act provides protection to business leaseholders, granting the right to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Broadway

We're FTB’s - had an offer accepted, yet the agent informed us that the seller will only go ahead if we appoint the agent's recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family conveyancer with experience of conveyancing in Broadway

We suspect that the seller is not behind this requirement. Should the owner desire ‘a quick sale', turning down a genuine buyer is counter productive. Speak to the owners direct and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your own,trusted Broadway conveyancing solicitors - not the ones that will earn the negotiator at the agency a kickback or achieve conveyancing thresholds demanded by senior management.

What advice can you give us when it comes to choosing a Broadway conveyancing firm to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Broadway conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Broadway conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:

If they are not ALEP accredited then why not? Can they put you in touch with clients in Broadway who can give a testimonial?

Leasehold Conveyancing in Broadway - Examples of Questions you should consider Prior to buying

You should be aware if it is fewer than 80 years it will affect the salability of the flat. Check with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you would need to own the residence for a couple of years in order to be entitled to extend the lease. Be sure to enquire if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being permitted in in a block in Broadway. If you like the flatin Broadway but your dog is not allowed to live with you then you have a very hard determination. On the whole the outlay for major works are not included within maintenance charges, although some managing agents in Broadway require leasehold owners to contribute towards a sinking fund and this is used to offset against major works.

I'm selling a property in Broadway. I have found my conveyancer's company on the CLC list, but I can't locate my conveyancer's name as listed on the regulator's website. Should I be concerned?

Not all staff in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unlicensed staff.