I was referred a solicitor who has quoted £1700 for no move no fee conveyancing in Kentish Town. I’m selling a purpose built detached home for £150,000. This seems too much. Is it in excess of what I should be paying for conveyancing in Kentish Town?
The quote is fractionally on the steep side. If you are prepared to expend time comparing costs you may be able to trim some of the cost by perhaps £100 plus VAT. That being said, you mightcome to rue opting for an an unknown lawyer. Remember to be sure the conveyancer can also act for your lender. You can utilise our search tool to locate a Kentish Town conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Kentish Town.
My property lawyer in Kentish Town has never been on on the Britannia Solicitor Panel. Can I still use my prefered solicitor notwithstanding that they are excluded from the Britannia approved list?
Your options are as follows:
- Carry on with your existing Kentish Town solicitors but Britannia will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the total conveyancing charges and result in delays.
- Choose an alternative practitioner to act in the purchase, not forgetting to check they are Britannia approved.
- Persuade your Britannia based solicitor to attempt to join the Britannia panel
Various web forums that I have come across warn that are the main reason for obstruction in Kentish Town house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Kentish Town.
I opted to have a survey completed on a house in Kentish Town prior to instructing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some banks will not give a loan on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kentish Town. Conveyancing may be slightly more expensive based on your lender's requirements.
I am intending to rent out my leasehold apartment in Kentish Town. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Even though your previous Kentish Town conveyancing lawyer is not around you can review your lease to see if you are permitted to let out the property. The rule is that if the lease is non-specific, subletting is permitted. There may be a precondition that you need to obtain consent via your landlord or other appropriate person before subletting. This means you not allowed to sublet without first obtaining permission. The consent must not not be unreasonably turned down. If the lease prohibits you from subletting the property you will need to ask your landlord for their consent.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Kentish Town conveyancing firm to assist?
Where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the amount due.
An example of a Lease Extension case for a Kentish Town flat 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 related to 1 flat. The unexpired lease term was 64.77 years.
I am in the process of buying my 1st home in Kentish Town. Conveyancing solicitor has been appointed. The mortgage adviser suggested that a survey is not necessary as the property was only constructed in 2002.
The bare minimum you need a Home Buyer's Report. As the property was constructed more than a decade ago the property will not come with a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may suffice. They will highlight any obvious issues and recommend further investigation if appropriate. Where there are any signs of problems get a comprehensive Building Survey from the beginning.