As someone not used to the Aldgate conveyancing process what is your top tip you can impart for the house moving process in Aldgate

You may not hear this from too many lawyers but conveyancing in Aldgate and elsewhere in England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there is lots of room for friction between you and other parties involved in the legal transfer of property. E.g., the vendor, estate agent and even potentially a mortgage company. Selecting a law firm for your conveyancing in Aldgate should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to look after your legal interests and to protect you.

We are witnessing a definite increase of a "blame" culture- someone must be blamed for the process taking so long. You should always trust your lawyer above the other players when it comes to the legal transfer of property.

I am buying a new build apartment in Aldgate. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Aldgate

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Aldgate I like with amenity areas and station nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Aldgate suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?

If you require a mortgage the shortness of the lease may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

Am I right to be concerned about 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm rather than a High Street Aldgate conveyancing company?

As is the case with lots of professional services, often suggestions from connections can be most helpful. Nevertheless there are numerous parties with a keen interest in a conveyancing deal; estate agents, financial adviser and lenders might all suggest conveyancers to select. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the recommendation. You are free to choose your preferred conveyancer. You need to be aware that some lenders specify a panel list of law firms you must use for the mortgage aspect of your house move.

We are one month into a residential purchase having been directed to conveyancers by the local agent to handle our conveyancing in Aldgate. I am not happy. Can you you assist me in finding new lawyers?

A solicitor would have to be very bad in order to consider replacing them. Has your loan offer been generated? If so you must inform them of the replacement solicitor and get the offer are re-sent. The solicitor ideally should be on the lenders approved list to avoid escalating expenses and complications. That should be your first question of the new conveyancers. Our find a solicitor tool will assist you in finding a bank approved lawyer for your home move in Aldgate