I am in the throes of transferring my current residential home loan to a Buy to Let The Mortgage Works mortgage. I was told by my mortgage that I need a lawyer as part of the process. I got in contact with my previous Hampstead conveyancing firm who dealt with the legals when I initially acquired the house. The quote they've given of £470 has taken me by surprise as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The estimate fees seem a little high. If you you were to look around you could decrease the fees marginally by as much as £100 plus VAT. That being said, if you were happy with the legal work the firm provided you maylive to regret choosing an an untested solicitor. Remember to ensure that the firm can also act for The Mortgage Works. You can employ our search tool to locate a Hampstead conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Hampstead.
We are a couple about to sign contracts for a semi detached house in Hampstead. We encountered a problem. Our loan offer with Lloyds TSB Bank expires on 19/10/2026 but the sellers are insisting on a completion date of 21/10/2026. Is it possible to extend the mortgage expiry date?
The best person to address this issue is your conveyancer who is in a position to assess whether he or she is corresponding with the lender, seller’s lawyers, property agents or possibly all parties taking into account what has happend in your conveyancing as of today.
I have been told that property searches are the number one cause of stalling in Hampstead house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Hampstead.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one near me in Hampstead I like with amenity areas and railway links nearby, the downside is that it only has 61 years on the lease. There is not much else in Hampstead suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
As co-executor for the estate of my aunt I am selling a house in Cardiff but I am based in Hampstead. My lawyer (who is 235 miles awayneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Hampstead who can witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Hampstead
I am on look out for some leasehold conveyancing in Hampstead. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and most are in Hampstead - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a basement flat in Hampstead. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
in cases where there is a missing freeholder or where there is disagreement 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 Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Hampstead property 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 was in relation to 2 flats. The remaining number of years on the lease was 16.83 and 16.43.