I hired a Camden Town based solicitor for our conveyancing in Camden Town last week. Reviewing the official terms of business it is apparent thatwe are responsible for costs even if the movedoes not proceed. Would I be best advised to use a web based conveyancing brokerage promising no-sale-no-fee conveyancing in Camden Town?
It is usually ‘give and take’ in that if "No Sale No Fee" is offered then the conveyancing charges will tend to be be more expensive to counteract the transactions that fail to complete. Dont forget that these deals tend not to protect you from expenditure for instance Camden Town conveyancing search charges.
We were just about to exchange contracts for a leasehold flat in Camden Town. We encountered a stumbling block. The mortgage offer with Alliance & Leicester expires on 16/1/2026 but the vendors are insisting on a completion date of 20/1/2026. Can one prolong the loan offer?
The best person to deal with your concern is your solicitors who should determine if he or she is corresponding with the lender, vendor’s representatives, estate agents or possibly all three taking into account the history of your conveyancing to date.
When it comes to lenders such as Kent Reliance, do Camden Town solicitors incur an annual charge to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
My husband and I have organised a further advance on our mortgage from Kent Reliance as we wish to carry out improvements to our property in Camden Town. Are we obliged to choose a local Camden Town solicitor on the Kent Reliance conveyancing panel to deal with the legals?
Kent Reliance don't usually appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance conveyancing panel.
I have paid off my mortgage with Co-operative. I assume I don't need a Camden Town property lawyer on the Co-operative panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
Various online forums that I have come across warn that are the main reason for obstruction in Camden Town house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Camden Town.
I am employed by a reputable estate agency in Camden Town where we have witnessed a number of flat sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local Camden Town conveyancing solicitors. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is 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 attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Camden Town conveyancing firm to help?
You certainly can. We can put you in touch with a Camden Town conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Camden Town property is Flat 120, Clare Court Judd Street in August 2013. the Tribunal held that the premium to be paid for the extension of the lease should be £64,650 This case was in relation to 1 flat. The unexpired term as at the valuation date was 62.79 years.
Is it the case that all Camden Town legal practices on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can pop into your high street bank branch in Camden Town. the probability is that they will be in a position to recommend some reputable conveyancing solicitors in Camden Town