We note that you have a search directory listing firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Spitalfields?

We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Spitalfields.

We are planning to buy with Norwich and Peterborough Building Society. I went into 3 or 4 local solicitors but am unable to find a Spitalfields conveyancing firm on the Norwich and Peterborough Building Society panel. Can you assist?

You should take advantage of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type Spitalfields or your location and you will see numerous solicitors offices in Spitalfields or nearest you.

Despite weeks of looking the Title Certificate and documents to our property are lost. The lawyers who conducted the conveyancing in Spitalfields 4 years ago are no longer around. What do I do?

In today’s world there are duplicates made of almost everything, and your solicitor should be aware exactly where to locate all the appropriate paperwork so you can purchase or dispose of your property without any difficulty. If copies are not available, your lawyer can put in place insurance or indemnities against possible claims on your premises.

I am purchasing a new build house in Spitalfields with a mortgage from Leeds Building Society. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not disclose to my conveyancer about the extras as it could put at risk my mortgage with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am looking at a couple of apartments in Spitalfields which have about forty five years unexpired on the leases. Will this present a problem?

There are no two ways about it. A leasehold apartment in Spitalfields is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the marketability of the property. The majority of purchasers and banks, leases with under 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Spitalfields conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Spitalfields. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

if there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to assess the price payable.

An example of a Freehold Enfranchisement decision for a Spitalfields property is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case affected 41 flats. The unexpired residue of the current lease was 107 years.