I'm in the process of swapping over from my current homeowner home loan to a BTL mortgage. I have been informed by my broker that I must appoint a conveyancer as part of the process. I had a chat my past Belsize Park conveyancing solicitor who acted on my behalf when I previously purchased the property. The quote provided of £450 plus VAT has shocked me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.

The costs illustration is slightly on the expensive side. If you shop around you might decrease the fees marginally by as much as a hundred pounds. On the other hand, assuming were content with the legal work the firm provided you couldcome to regret opting for an an untested lawyer. Remember to be sure that the firm can represent . You can utilise our search tool to find a Belsize Park conveyancing firm on the approved list of lawyers, which can often include conveyancing solicitors in Belsize Park.

My fiance and I are refinancing our flat in Belsize Park with . We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have a couple of questions (1) Is this document specific to the conveyancing panel as he did not need to sign this form when we purchased 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?

On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to . This is solely used to protect if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Belsize Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Belsize Park

Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan.

I have been on the look out for a leasehold apartment up to £305k and found one close by in Belsize Park I like with open areas and station nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Belsize Park in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

If you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.

Much to my surprise my solicitor in Belsize Park has informed me that he requires proof of ID documents asserting that this forms part of his requirements as a solicitor on the mortgage company Conveyancing panel. Can this be correct?

Anti-terror and anti-money-laundering rules require Belsize Park conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements