I sincerely hope you can help me. My Farringdon solicitor is assuring me that she is duty bound toapply for Farringdon conveyancing searches resulting from the fact thatthe firm are on the Lloydsconveyancing panel. Is this really necessary?

You have limited options available to you. As you are obtaining a mortgage with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your solicitor would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Farringdon conveyancing searches.

I acquired my house on 5 June and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Farringdon expressed confidence that it would be concluded in a couple of weeks. Are transfers in Farringdon particularly slow to register?

As far as conveyancing in Farringdon is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether it is in order and if the Land registry must send notices to any interested persons or bodies. At present roughly 80% of submission are completed in less than three weeks but some can be subject to protracted delays. Registration takes place once the new owner has moved in to the premises so an expedited registration is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for an expedited registration.

How does conveyancing in Farringdon differ for newly converted properties?

Most buyers of new build property in Farringdon contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Farringdon tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Farringdon or who has acted in the same development.

My brother has recommend that I use his lawyers for conveyancing in Farringdon. Should I choose my own solicitor?

There are no two ways about it the ideal way to choose a conveyancing lawyer is to get feedback from friends or family who have previously instructed the firm you're contemplating using.

I work for a busy estate agency in Farringdon where we have witnessed a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Farringdon conveyancing firms. Can you confirm whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Farringdon conveyancing firm to help?

Most definitely. We are happy to put you in touch with a Farringdon conveyancing firm who can help.

An example of a Lease Extension decision for a Farringdon property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case affected 1 flat. The remaining number of years on the lease was 66.8 years.