We are buying a 3 bedroom flat in Camden Town with a mortgage. We like our Camden Town lawyer, but the bank advise she’s not on their "panel". We have to appoint one of the bank panel conveyancing practices or keep our Camden Town solicitor and pay for one of their panel firms to represent them. This feels very unfair; are we not able to insist that the lender use our Camden Town property lawyer ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Camden Town conveyancing solicitor to apply to be on the conveyancing panel.
I am about to put an offer on a leasehold apartment in Camden Town. The estate agents assure me that it is usual for flats in Camden Town to have less than 75 years left on the lease. I am obtaining a mortgage with Platform. Is this going to be a problem if the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 30/6/2020 the requirements read as follows :
A colleague advised me that in purchasing a property in Camden Town there may be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Camden Town which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Camden Town should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Camden Town Conveyancing Quality Solicitors on the Principality conveyancing list of approved practices?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
Can I be sure that the Camden Town conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Camden Town obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Camden Town is the location of the property. What do you suggest?
Flying freeholds in Camden Town are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Camden Town you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Camden Town may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my primary property to a buy to let loan with Barnsley Building Society and intend to use the remaining equity as a deposit on further property. The location we are interested in is Camden Town. Will your lawyers be able to act for the two mortgage companies and tie in the conveyances?
Do use our comparison tool on this page to ensure that the solicitors are approved by both banks. Assuming that they are the solicitor should be able to connect the two deals but you should talk with you solicitor and make apparent your expectations and needs.
My folks cant seem to find their Camden Town land registry title on the online search facility. They have a vague recollection sixty years ago when they bought the property there were complications with the post code not being recognised in some systems.
Nearly all residences in Camden Town should show up. Have you tried a search with just the postcode. Usually it should reveal all the residences within the postcode. Where recorded it will show up with a title number. Where they bought 50 years ago it's conceivable it may be unrecorded. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title deeds which may be with your parent’s lender.