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Recently asked questions about conveyancing in Campden Hill

Having been recommended your site we were about to go ahead with a conveyancing solicitor in Campden Hill recommended using your comparison tool but have come across some other costs illustrations via the web seem less pricey – how come?

There are plenty of websites promoting self styled cut-price conveyancing, yet more often than not additionalcharges end up with the completion fee being escalated. Conveyancers are obliged to make sure that fees contained in terms and conditions should be equitable raised The law firms that we put forward for conveyancing in Campden Hill genuinely set out all costs for a domestic conveyancing case.

I am in the process of remortgaging my apartment in Campden Hill, does my lawyer have to be on the Nationwide Solicitor panel?

In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.

We are downsizing from our property in Campden Hill and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an internet conveyancing outfit as opposed to a conveyancing solicitor in Campden Hill. We have lived in Campden Hill for 4 years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.

It would appear that you have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)

How does conveyancing in Campden Hill differ for new build properties?

Most buyers of new build premises in Campden Hill contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Campden Hill usually purchase 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 Campden Hill or who has acted in the same development.

I am attracted to a two flats in Campden Hill which have in the region of forty five years unexpired on the lease term. Will this present a problem?

There is no doubt about it. A leasehold apartment in Campden Hill is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the value of the property. For most buyers and banks, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Campden Hill conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Following years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Campden Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

if there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the price payable.

An example of a Lease Extension matter before the tribunal for a Campden Hill property is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 37.79 years.

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