Finally, a mortgage agreement from HSBC for the remortgage of my 2 bedroom flat is expected imminently. Could you propose a low cost conveyancing practitioner in St Pancras?

You are on the wrong site if you are in need of cut-price fees for conveyancing in St Pancras. We can offer you value for money conveyancing but our intention is not to advertise as being the cheapest. Do not be seduced by organisations teasing you with £100 conveyancing in St Pancras. The optimum outcome, in deciding on low cost conveyancing, you will earn what you pay for and at worst it will result in you paying a lot in additional fees and still not get the service required.

Can the conveyancing lawyers that you recommend carry out attended exchange conveyancing in St Pancras?

We do have a number of conveyancing experts carrying out attended exchanges. Do contact us to receive a conveyancing quote and details as to dates.

I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would much rather instruct a high street conveyancing solicitor in St Pancras?

Do check but the the probability is that allocate you one of their panel solicitors should you want the "fee-free" deal. Contact the mortgage company to determine if they offer you a cash alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in St Pancras.

How does conveyancing in St Pancras differ for new build properties?

Most buyers of new build premises in St Pancras contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in St Pancras typically acquire the real estate, 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 property lawyers 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 St Pancras or who has acted in the same development.

I inherited a ground-floor 1960’s flat in St Pancras. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?

in cases where there is a missing landlord or if 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 LVT to determine the sum to be paid.

An example of a Lease Extension case for a St Pancras flat is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The unexpired residue of the current lease was 66.8 years.

What are the common deficiencies that you see in leases for St Pancras properties?

There is nothing unique about leasehold conveyancing in St Pancras. Most leases are drafted differently and drafting errors can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:

A provision for the recovery of money spent for the benefit of another party. Service charge per centages that don't add up correctly leaving a shortfall

You may have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Chelsea Building Society, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.