I have just started taking steps with the intention of switching my domestic loan to a Buy to Let Accord Mortgages Ltd mortgage. The bank has said that I must appoint a conveyancer as part of the process. I got in contact with my previous Camden Town conveyancing solicitor who dealt with the legals when I originally bought the property. The quote sent of £470 has surprised me as its a refinance than a sale or purchase.

The estimate does seem a little steep. If you shop around you might decrease the fees marginally by say £100 plus VAT. On the other hand, assuming were content with the service the firm gave you maycome to rue choosing an a cheaper lawyer. Don't forget to ensure that the firm can represent Accord Mortgages Ltd. Do use our search tool to select a Camden Town conveyancing firm on the Accord Mortgages Ltd conveyancing panel, which can often include conveyancing solicitors in Camden Town.

How does conveyancing in Camden Town differ for new build properties?

Most buyers of new build or newly converted property in Camden Town approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. 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 conveyancing solicitors 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 used to new build conveyancing in Camden Town or who has acted in the same development.

I am looking for a leasehold apartment up to £235,500 and identified one round the corner in Camden Town I like with amenity areas and transport links nearby, however it only has 51 years on the lease. There is not much else in Camden Town suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a mortgage the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.

My husband and I are FTB’s - had an offer accepted, but the agent told us that the owners will only go ahead if we appoint their preferred lawyers as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Camden Town

It is unlikely the owners are driving this. Should the vendor want ‘a quick sale', alienating a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to progress, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Camden Town conveyancing firm - not the ones that will provide their estate agent a commission or achieve conveyancing figures demanded by senior management.

Planning to sign contracts shortly on a studio apartment in Camden Town. Conveyancing solicitors have said that they will have a report out to me on Monday. What should I be looking out for?

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

specifics of the parties to the lease, for instance these could be the leaseholder, head lessor, freeholder Alterations to the premises You need to be advised what constitutes a Nuisance in the lease You should receive a copy of the lease The physical extent of the property. This could be the apartment itself but might incorporate a attic or cellar if appropriate.

I inherited a two-bedroom flat in Camden Town. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?

Where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to determine the sum to be paid.

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 was in relation to 1 flat. The unexpired term was 62.79 years.