I was recommended to a solicitor who has sent a quote for £1200 for freehold conveyancing in Hampstead Garden Suburb. I’m looking to sell a Edwardian property for £125,000. Is this expensive? Is it above the norm for conveyancing in Hampstead Garden Suburb?

The charges are a tad high. Where you are willing to expend time contrasting quotes you might trim some of the cost by say a hundred pounds. That being said, you couldcome to rue opting for an an unknown lawyer. Remember to check that the conveyancer can represent your bank. You can make use of our search tool to find a Hampstead Garden Suburb conveyancing practice on the banks member panel which can often include conveyancing solicitors in Hampstead Garden Suburb.

We see that you have a search directory identifying solicitors on the Aldermore conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Hampstead Garden Suburb?

We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hampstead Garden Suburb.

How does conveyancing in Hampstead Garden Suburb differ for newly converted properties?

Most buyers of new build property in Hampstead Garden Suburb come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Hampstead Garden Suburb tend to 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 conveyancers 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 Hampstead Garden Suburb or who has acted in the same development.

We are 3 weeks into a freehold purchase having been directed to a firm by the local agent to carry out the conveyancing in Hampstead Garden Suburb. I am not happy. Could you you assist me in finding new lawyers?

A conveyancer would need to be very poor in order to consider diss instructing them. Has the loan offer been sent? In the event that it has you need to make them aware of the new contact details and ensure the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the banks approved list to avoid supplemental costs and delays. So that should be your first question of the new conveyancers. The search tool should assist you in finding a lender approved lawyer for your home move in Hampstead Garden Suburb

I work for a long established estate agent office in Hampstead Garden Suburb where we have experienced a few flat sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Hampstead Garden Suburb conveyancing firms. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I am the proprietor of a a ground floor purpose built flat in Hampstead Garden Suburb. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?

if there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to judgment on the price.

An example of a Lease Extension matter before the tribunal for a Hampstead Garden Suburb residence is FFF, 37 and Garage 1, Queensborough Court North Circular Road in September 2012. The Tribunal determined that the premium for the lease extension should be £67,037 This case related to 1 flat. The unexpired residue of the current lease was 23.66 years.