Leasehold Conveyancing in Camden Town - Get a Quote from the leasehold experts approved by your lender

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When it comes to leasehold conveyancing in Camden Town, you will need to appoint a conveyancing practitioner with leasehold experience. Whether your lender is to be Santander, Birmingham Midshires or Nationwide be sure to choose a lawyer on their panel. Feel free to use our search tool

Camden Town leasehold conveyancing Example Support Desk Enquiries

Planning to exchange soon on a leasehold property in Camden Town. Conveyancing solicitors assured me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?

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

  • Does the lease require carpeting throughout thus preventing wood flooring?
  • Ground rent - how much and when you need to pay, and also know whether this is subject to change
  • Whether your lease has a provision for a reserve fund?
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • Responsibility for repairing the window frames
  • What you can do if a neighbour breach a clause of their lease?
  • What the implications are if you breach a clause of your lease? For a comprehensive list of information to be contained in your report on your leasehold property in Camden Town please ask your conveyancer in ahead of your conveyancing in Camden Town

    • Estate agents have just been given the go-ahead to market my basement apartment in Camden Town.Conveyancing lawyers have not yet been instructed but I have just received a half-yearly service charge demand – should I leave it to the buyer to sort out?

    The sensible thing to do is discharge the invoice as normal because all ground rent and service charges will be apportioned on completion, so you will be reimbursed by the buyer 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. Having a clear account will assist your cause and will leave you no worse off financially.

    I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have just been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Camden Town. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Camden Town ?

    The majority of houses in Camden Town are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Camden Town so you should seriously consider shopping around for a Camden Town conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor should advise you fully on all the issues.

    I am attracted to a couple of maisonettes in Camden Town which have about 50 years remaining on the lease term. Do I need to be concerned?

    There are plenty of short leases in Camden Town. The lease is a right to use the property for a prescribed time frame. As the lease shortens the value of the lease reduces and it becomes more expensive to extend the lease. For this reason it is generally wise to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this area

    What are your top tips when it comes to appointing a Camden Town conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a property lawyer for your lease extension (regardless if they are a Camden Town conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggested that you speak with two or three firms including non Camden Town conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. Some following of questions might be useful:

    • If they are not ALEP accredited then what is the reason?
  • What are the legal fees for lease extension conveyancing?

    • Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Camden Town. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

    Most definitely. We can put you in touch with a Camden Town conveyancing firm who can help.

    An example of a Lease Extension case 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 affected 1 flat. The the unexpired term as at the valuation date was 62.79 years.