My partner’s brother is a conveyancing practitioner. I expect that I will receive friends and family pricing for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Hampstead?
Do compare pricing. Do use our search tool on this site. The quotes seem to vary but the service one can expect differ between conveyancers as is true with the vast majority of professional services.
I used Arc property Solicitors several years past for my conveyancing in Hampstead. I now require my papers but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hampstead of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Hampstead differ for newly converted properties?
Most buyers of new build residence in Hampstead approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Hampstead usually buy 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 property lawyers 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.
I opted to have a survey completed on a house in Hampstead prior to instructing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks will not give a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hampstead. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to appoint a Hampstead conveyancing solicitor in close proximity to the house I am buying? An old friend can deal with the legal formalities however her office is 300kilometers drive away.
The primary upside of using a high street Hampstead conveyancing practice is that you can visit the firm to sign paperwork, deliver your ID and apply pressure on them if necessary. Having local Hampstead know how is a benefit. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and on the whole were content that must trump using an unfamiliar Hampstead conveyancing lawyer solely due to them being local.
I am looking at a couple of apartments in Hampstead which have about forty five years unexpired on the leases. should I be concerned?
There are plenty of short leases in Hampstead. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a conveyancer and surveyor with experience in this arena.
I have given up negotiating a lease extension in Hampstead. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We can put you in touch with a Hampstead conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Hampstead residence is Raised Ground Floor Flat 20 Fitzjohns Avenue in July 2014. the Tribunal decided that the premiums to be paid for new leases in respect of the Raised Ground Floor Flat and the First Floor Flat were to be calculated as: Raised Ground Floor: £765,175.14 First Floor: £601,617.77 This case related to 2 flats. The unexpired residue of the current lease was 16.83 and 16.43.