We were just about to sign contracts for a leasehold flat in Kentish Town. We have hit a problem. Our loan offer with Nationwide Building Society expires on 27/8/2020 but the owners are insisting on a completion date of 1/9/2020. Can one extend the mortgage offer?
The best person to address this question is your conveyancer who should calculate if they better off negotiating with the mortgage company, vendor’s conveyancers, estate agents or possibly all three given the history of your house move as of today.
Why is leasehold purchase conveyancing in Kentish Town is more expensive?
Kentish Town leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
When it comes to mortgage companies such as HSBC, do Kentish Town solicitors have to pay a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We had appointed solicitors based in Kentish Town on the Kent Reliance solicitor panel. They have just billed me an additional fee for handling the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your property lawyer can levy a fee for this. This charge is not set by Kent Reliance but by your Kentish Town conveyancer. Some firms on the Kent Reliance panel will charge an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
My sealed bid on a detached house in Kentish Town has been accepted, but there is a chain. The vendors have offered on somewhere, but it’s not been accepted yet, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Kentish Town. What do I do now? When should I get the mortgage application with Skipton going?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Kentish Town conveyancing search fees, etc). The first course of action is to ensure that your conveyancer is on the Skipton approved list. As to the next stages this very much dictated by the circumstances of your transaction, attraction to the property and on the state of the market. During a hot market many purchasers will apply for the mortgage with Skipton and pay for the valuation and only if it comes back ok would they pay their lawyer to press on with searches.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who dealt with the conveyancing in Kentish Town 5 years ago are no longer around. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your lawyer should be aware precisely where to look for all the suitable documentation so you may buy or sell your house without a hitch. If copies are not available, your lawyer can arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
How does the Landlord & Tenant Act 1954 affect my business property in Kentish Town and how can you help?
The particular law that you refer to gives security of tenure to commercial leaseholders, giving them the dueness to make a request to court for a new tenancy and continue in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Kentish Town
I am using a search engine for the words conveyancing in Kentish Town it brings up many property lawyerslocally. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The ideal way of finding a suitable conveyancer is via personal recommendation, so ask friends and relatives who have bought a property in Kentish Town or a local estate agent or financial adviser. Costs for conveyancing in Kentish Town differ, so it's a good idea to request at least three quotes from varying types of conveyancers. Be sure to obtain confirmation that the charges are assured not to to be inflated.