We are about to sign contracts for a freehold house in Maida Vale. We have hit a problem. The mortgage offer with Clydesdale expires on 25/3/2025 but the owners are putting forward a completion date of 27/3/2025. Is it possible to prolong the loan expiry date?
The person best placed to address this concern is your conveyancer who should assess if they should be discussing with the bank, owner’s lawyers, property agents or possibly all parties based on the circumstances your transaction to date.
I have been told that property searches are the main cause of stalling in Maida Vale conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Maida Vale.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Maida Vale and how can you help?
The particular law that you refer to provides protection to commercial leaseholders, giving them the right to apply to court for a renewal lease and remain in occupation when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Maida Vale is one of the hundreds of areas of the UK in which the firms we work with are located
Am I better off to instruct a Maida Vale conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can carry out the legal work but her office is a couple of hundredmiles drive away.
The primary upside of using a local Maida Vale conveyancing firm is that you can pop in to sign paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Maida Vale know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and the majority were content that must surpass using an unknown Maida Vale conveyancing lawyer just because they are local.
My fiance and I yesterday discovered that one of the partners of the conveyancing practice acting on the purchase conveyancing in Maida Vale is an uncle of the vendor. Is this permitted?
On the basis that no conflict arises this should be fine. If you are obtaining a home loan then the bank may have a say as many mortgage companies have specific instructions on this. For example for RBS- First Active as of 25/1/2025, the requirements read as follows :