A friend advised me that if I am buying in Camden Town I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Camden Town conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Camden Town around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Camden Town Education with plans and statistics, Local Amenities and other useful information concerning Camden Town.
How does conveyancing in Camden Town differ for newly converted properties?
Most buyers of new build property in Camden Town come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because builders in Camden Town typically purchase the land, 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 Camden Town or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Camden Town is the location of the property. What do you suggest?
Flying freeholds in Camden Town are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Camden Town you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Camden Town may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
In surfing the world wide web for the term on line conveyancing in Camden Town it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable solicitor for my move?
The ideal method of seeking a suitable conveyancer is via trusted testimonial, so enquire of colleagues and relatives who have bought a property in Camden Town or the respected estate agent or mortgage broker. Fees for conveyancing in Camden Town vary, so it's advisable to request at least four estimates from varying types of law firms. Be sure to obtain confirmation that the costs are assured not to increase.
Last September I purchased a leasehold property in Camden Town. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Camden Town conveyancing firm to help?
Most certainly. We can put you in touch with a Camden Town conveyancing firm who can help.
An example of a Lease Extension case for a Camden Town premises 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 residue of the current lease was 62.79 years.
I have just had an offer accepted on an apartment in Camden Town and the broker that we are using suggested his conveyancing practitioner. He quoted a thousand pounds including VAT and disbursements. Does this sound expensive?
You should not rely on one estimate. One should obtain like-for-like quotes for your conveyancing in Camden Town. Then choose one that you are comfortable with and crucially, is on the approved panel of the bank that you have applied for a mortgage from.