Find a Lender-Approved Local Conveyancer in Kentish Town

Ready to buy a new home? Find a law firm approved by your lender.

You can try and find the cheapest conveyancing solicitors in Kentish Town but be careful as you may get what you pay for.

Reasons to use our Kentish Town conveyancing solicitors

  • 1 Property lawyer conveyancing solicitors have excellent personal connections with Kentish Town selling agents and work very closely with them and local surveyors so as to ensure transactions proceed expeditiously.
  • 2 Kentish Town property lawyers will be familiar with the local Land Registry Office, Local Authority and estate agents
  • 3 The hallmark of our conveyancing solicitors in Kentish Town is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by large estate agency chains) often falls short of the high standards of professionalism you would hope for.
  • 4 Personal touch and a wealth of expertise are key benefits that you should look for when choosing conveyancing solicitors. Kentish Town home moves can be made a lot more complicated due to poor communication between all the parties. The lawyers we work with ensure that communication channels are open and act on arising issues and developments quickly.
  • 5 The Kentish Town conveyancing firms that are identified are dedicated to supplying the most cost, efficient and accessible conveyancing service to borrowers, sellers and investors in Kentish Town

Examples of recent conveyancing in Kentish Town since October 2019*

Recently asked questions about conveyancing in Kentish Town

I am progressing with the sale of my house in Kentish Town and the estate agent has just called to advise that the buyers are swapping solicitor. The reason given is that the bank will only engage with solicitors on their approved list. On what basis would a leading lender only engage with certain law firms rather the firm that they want to select for their conveyancing in Kentish Town ?

Lenders have always had panels of law firms they are content to work with, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 15 years.

Lenders blame a rise in fraud as the reason for the cull – criteria have been narrowed as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any impact on this.

About to place an offer on a leasehold apartment in Kentish Town. The property agents say that it is the norm for flats in Kentish Town to have less than 75 years unexpired on the lease. I am getting a loan with Nationwide Building Society. Will the property be mortgageable given that the lease has 72 years left.

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. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/1/2020 the requirements read as follows :

- Our minimum unexpired lease term is 55 years.
- There must be at least 30 years remaining at the end of the mortgage term (regardless of the length of lease at the start).

Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Issuing Office (Will be declined):
- Unexpired lease term less than 55 years
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period is less than or equal to 5 years

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 55 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial, etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than 85 years
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Issuing Office (Will be declined)
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house (does not apply to Shared Ownership)
- Starting Ground Rent greater than 0.1% of the property value
- Ground Rent review period less than or equal to every 5 years
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- Starting Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than 5 years
- Ground Rent escalation less than or equal to RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years.

Are there restrictive covenants that are commonly identified during conveyancing in Kentish Town?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Kentish Town. 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…’

Over the last few months I have been searching for a flat up to £305k and identified one close by in Kentish Town I like with amenity areas and transport links nearby, however it only has 52 years on the lease. I can't really find anything else in Kentish Town in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.

I am hoping to sign contracts shortly on a leasehold property in Kentish Town. Conveyancing lawyers inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Kentish Town should include some of the following:

    Your lawyers should enable you to have an understanding of the building insurance requirements What remedies are open the freeholder should you are in breach of your lease terms? Repair and maintenance of the property Defining your legal entitlements in respect of common areas in the block.For instance, does the lease permit a right of way over an accessway or staircase? You should receive a copy of the lease
For details of the information to be included in your report on your leasehold property in Kentish Town please enquire of your lawyer in ahead of your conveyancing in Kentish Town.

I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Kentish Town conveyancing firm to help?

in cases where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the sum to be paid.

An example of a Lease Extension matter before the tribunal for a Kentish Town residence is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case was in relation to 1 flat. The unexpired lease term was 64.77 years.

Is there a reason that Kentish Town conveyancing costs are more expensive for leasehold and freehold properties?

Inevitably there is increased work necessary for leasehold conveyancing. Kentish Town has many leasehold properties. There is more hours involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.

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Sample of conveyancing solicitors in Kentish Town regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Kentish Town but also conveyancing throughout England and Wales.

  • Elton & Co, 2-4 Kelly Street, London, NW1 8PH
  • Ringley Legal Services Llp, Ringley House, 349 Royal College Street, London, NW1 9QS
  • Crumplins Solicitors, 77 Haverstock Hill, London, NW3 4SL
  • Jayes Collier Llp, 68 Parkway, Camden Town, London, London, NW1 7AH
  • Chalcots, 62 Stanbury Court, 99 Haverstock Hill, London, NW3 4RR

Domestic Licensed Conveyancers in Kentish Town regulated by the CLC

Please note that the listed conveyancers do not limit their work for conveyancing in Kentish Town but also conveyancing across England and Wales.
  • Stratega Law Ltd, Sutherland House, W1F 7TE
  • House Owners Conveyancers Limited, 56 Windermere Avenue, N3 3RA
  • House Owners Conveyancers Limited, Dephina House, N3 2JU
  • L B Property Lawyers, Imperial House, N17 0SP
  • Ldn Conveyancing Ltd, 3 Acton Hill Mews, W3 9QN

Planning law solicitors in Kentish Town regulated by the Solicitors Regulation Authority

The list below is a non-comprehensive list of solicitors in Kentish Town with expertise in planning law. This may include advice on applications about listed buildings and conservation areas
  • F S Garford, 26 Fairfax Place, London, NW6 4EH
  • Tuckers Solicitors Llp, 39 Warren Street, London, London, W1T 6AF
  • Grower Freeman, Ivor House, 25-26 Ivor Place, London, NW1 6HR
  • Glovers Solicitors Llp, 6 York Street, London, W1U 6QD
  • Joelson Jd Llp, 30 Portland Place, London, W1B 1LZ

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.