Are the East London conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
East London conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
About to place an offer on a leasehold flat in East London. The selling agents assure me that it is normal for flats in East London to have less than 75 years left on the lease. I am getting a mortgage with Virgin. Is this going to be a problem if the lease has Seventy One years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/12/2025 the requirements read as follows :
A friend pointed out to me me that in purchasing a property in East London there may be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of anumerous of properties in East London which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in East London should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have been told by my conveyancer that missing deeds insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in East London?
The right level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Norwich and Peterborough Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
When it comes to lenders such as RBS, do East London property lawyers face a yearly amount to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I need some fast conveyancing in East London as I am faced with a deadline to sign on the dotted line within one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash purchaser you are at liberty not to have searches conducted although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in East London the following are examples of what can appear and adversely impact future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I am looking for a leasehold apartment up to £195,000 and found one near me in East London I like with open areas and transport links nearby, however it only has 61 years on the lease. I can't really find anything else in East London for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.