I am looking to buy a house and require a conveyancing solicitor in Camden Town who is on the Lloyds TSB Bank solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Lloyds TSB Bank in certain locations such as Camden Town. We dont recommend any particular firm.
I happen to be the only recipient of my late grandmother’s will with all property in now in my sole name, including the my former home in Camden Town. The Camden Town property was put into my name in May. I want to move. I do know about the CML 6 month 'rule', meaning my proprietorship could be considered the same way as if I'd bought the house in May. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. many mortgage companies would take a sensible view as this requirement chiefly exists to identify the purchase and immediately sell or the quick reselling of properties.
When it comes to mortgage companies such as Clydesdale, do Camden Town lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Leeds Building Society have agreed my mortgage in principle, my bid on a apartment in Camden Town has been accepted, now what?
Your property agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s approved list). Contact Leeds Building Society or the financial adviser and finish off any outstanding documentation. Leeds Building Society will appoint a valuer who will get in contact with the selling agent or seller to schedule a time for the valuation to happen. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Leeds Building Society will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Camden Town.
I opted to have a survey done on a house in Camden Town prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may not give a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Camden Town. Conveyancing will be smoother if you use a solicitor in Camden Town especially if they are accustomed to such properties in Camden Town.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Camden Town and how can your lawyers assist?
The 1954 Act affords security of tenure to business lessees, granting the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Camden Town is one of our many locations in which the firms we work with are located
I own a second floor flat in Camden Town. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Camden Town conveyancing firm who can help.
An example of a Lease Extension decision for a Camden Town property 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 related to 1 flat. The number of years remaining on the existing lease(s) was 62.79 years.
What makes a Camden Town lease unmortgageable?
Leasehold conveyancing in Camden Town is not unique. All leases are individual and drafting errors can result in certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
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A provision for the recovery of money spent for the benefit of another party. A provision to repair to or maintain elements of the building
You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Chelsea Building Society, and Britannia all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the buyer to pull out.
Are all Camden Town conveyancers on every bank conveyancing panel?
You can use our search tool or you can go into your local bank branch in Camden Town. Chances are that they can recommend conveyancing solicitors in Camden Town