I am not well enough to travel far from East Finchley. Is there a reason why all East Finchley lawyers aren't automatically on all lender panels?
Even though it may seem unfair for banks to limit who can act for them, from the public’s or solicitor’s perspective, the the contrary view is that lending institutions are increasingly anxious and regard it imperative to protect them from mortgage fraud. As a result of this concern lenders have reduced their conveyancing panel to a manageable size.
About to place an offer on a leasehold apartment in East Finchley. The property agents say that it is normal for flats in East Finchley to have less than 75 years unexpired on the lease. I am getting a loan with Tesco Bank. Is this going to be a problem if the lease has 70 years unexpired.
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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/7/2025 the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in East Finchley?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in East Finchley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a ground for flat up to £305k and identified one near me in East Finchley I like with a park and station nearby, however it only has 51 years on the lease. There is not much else in East Finchley in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I have been sourcing a conveyancing solicitor in East Finchley for my house move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
You can review documented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator could recorded call for training reasons.