It is 10 years ago since I acquired my property in Hampstead. Conveyancing solicitors have just been instructed on the sale but I am unable to locate my title documents. Is this a problem?
You need not be too concerned. Firstly there is a possibility that the deeds will be with the lender or they may still be with the solicitor who oversaw the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Hampstead relates to registered property but in the unlikely event that your home is unregistered it is more of a problem but is resolvable.
Are there restrictive covenants that are commonly picked up during conveyancing in Hampstead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Hampstead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Hampstead differ for new build properties?
Most buyers of new build residence in Hampstead approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Hampstead tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hampstead or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Hampstead I like with a park and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Hampstead in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Hampstead?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Hampstead. Unlike many estate agents and brokerage sites we do not have commission arrangements with solicitors. Some agents and online brokers 'recommend' the firm paying the most per referral, as opposed to the best value conveyancing in Hampstead
I today become aware that one of the partners of the firm acting on the purchase conveyancing in Hampstead is related to the seller. Is this allowed?
Provided no conflict arises this should be fine. If you are needing a home loan then the bank may have a say as many banks have specific instructions concerning this. For example for RBS - Direct Line as of 16/1/2021, the requirements read as follows :