lenderpanel

Find a North East London Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in North East London? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your North East London home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised North East London conveyancers for over 130 lenders.


Recently asked questions about conveyancing in North East London

My mortgage broker says he needs my North East London solicitor’s panel reference for the Lloyds conveyancing panel. What is the best way to find this out. I have tried my local North East London office but they don't know it.

You are best placed to get this information from your North East London conveyancer . Most North East London conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.

We are a couple about to sign contracts for a garden flat in North East London. We encountered a problem. Our mortgage offer with Bank of Ireland runs out on 27/8/2024 but the sellers are putting forward a completion date of 29/8/2024. Is it possible to extend the loan offer?

The person best placed to deal with your issue is your conveyancer who is in a position to calculate if they better off negotiating with the bank, seller’s solicitors, estate agents or indeed all three given the circumstances your house move as of today.

I have been on the look out for a flat up to £305k and identified one near me in North East London I like with open areas and station nearby, however it's only got 61 years unexpired on the lease. There is not much else in North East London suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.

What advice can you give us when it comes to appointing a North East London conveyancing firm to deal with our lease extension?

If you are instructing a conveyancer for your lease extension (regardless if they are a North East London conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non North East London conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:

    How experienced is the firm with lease extension legislation? If the firm is not ALEP accredited then what is the reason?

I purchased a ground floor flat in North East London, conveyancing having been completed 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in North East London with a long lease are worth £201,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2089

With only 65 years unexpired we estimate the price of your lease extension to range between £13,300 and £15,400 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.

Why do North East London conveyancing costs are more expensive for leasehold and freehold properties?

If acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control

Last updated

Find out more about how flying freehold can affect your the value of a property.