When will exchange of contracts happen for residential conveyancing in Frognal and do I need to be at the lawyers branch?

If you are in close proximity to one of the conveyancing solicitors in Frognal you are invited in to sign documents. That being said, the firms we recommend supply a national conveyancing service and give just as diligent and professional a job for you when dealing with you digitally. The executing of the contract is not the critical part. Signing on the dotted line simply enables the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Frognal)to be in the office at the appropriate time.

How does conveyancing in Frognal differ for new build properties?

Most buyers of new build or newly converted property in Frognal come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Frognal typically buy 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 accustomed to new build conveyancing in Frognal or who has acted in the same development.

I am looking for a leasehold apartment up to £305k and found one close by in Frognal I like with amenity areas and station nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Frognal suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a mortgage that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

I have just appointed agents to market my ground floor apartment in Frognal. Conveyancing lawyers have not yet been instructed, but I have recently received a half-yearly service charge demand – Do I pay up?

The sensible thing to do is pay the service charge as normal given that all rents and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

I have tried to negotiate informally with with my landlord for a lease extension without success. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Frognal conveyancing firm to represent me?

You certainly can. We can put you in touch with a Frognal conveyancing firm who can help.

An example of a Lease Extension case for a Frognal flat 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 affected 2 flats. The number of years remaining on the existing lease(s) was 16.83 and 16.43.

Is there an average legal costs for conveyancing in Frognal?

The average fee in 2014 for conveyancing in Frognal was just under one thousand five hundred pounds excluding Land Tax and HMLR fees.