My fiance and I are hoping to buy a home in Grahame Park and have instructed a Grahame Park conveyancing firm. Within the last couple of days our lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Barclays Direct have this afternoon contacted us to advise us that there is now an issue as our Grahame Park solicitor is not on their conveyancing panel. Please explain?
When purchasing a property with mortgage finance it is usual for the purchasers' solicitors to also represent the purchaser's lender. 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 Quality 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 solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Grahame Park lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
We are acquiring our first home. The property lawyer has e-mailedto ask if we want to order extra conveyancing searches. We are really unsure what's relevant for conveyancing in Grahame Park
The type of Grahame Park conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your knowledge of the area and risks, your general appetite to risk. What is important is that you properly comprehend what information the searches could supply. You may then make a decision if you consider that you need that search. If unsure, ask the property lawyer to offer guidance.
Do lawyers request an advanced payment when it comes to conveyancing in Grahame Park?
Where you are retaining lawyers for conveyancing in Grahame Park your lawyer will request that you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the conveyancing searches. When the down payment is payable against the sale price then this should be asked for immediately in advance of contracts are exchanged. The final balance that is needed should be transferred a couple of days prior to the completion date.
I am about to put an offer on a leasehold flat in Grahame Park. The selling agents say that it is standard for flats in Grahame Park to have less than 75 years remaining. I am taking out a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 69 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/9/2025 the requirements read as follows :
The estate agent has sent us the confirmation of our purchase of a new build flat in Grahame Park. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Grahame Park
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan.