We are about to exchange contracts for a leasehold flat in Hampstead. We have hit a stumbling block. Our loan offer with Godiva Mortgages Ltd expires on 10/4/2019 but the sellers are suggesting a completion date of 12/4/2019. Can one prolong the mortgage offer?
The best person to address this concern is your conveyancer who is in a position to assess if he or she is corresponding with the mortgage company, owner’s conveyancers, selling agents or indeed all three given what has gone on in your conveyancing to date.
I have just over seventy years remaining on my lease and need a lease extension for my flat in Hampstead. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/2/2019 the requirements read as follows :
I am downsizing from my property. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Hampstead if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Hampstead. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am using a search engine for the term cheap conveyancing in Hampstead it shows results of numerous solicitorsin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The preferential way of finding a suitable conveyancer is through a trusted testimonial, so enquire of friends and relatives who have acquired a property in Hampstead or a local estate agent or financial adviser. Charges for conveyancing in Hampstead differ, so it's advisable to request a minimum of four costs illustrations from different conveyancers. Be sure to secure confirmation that the costs are guaranteed not to increase.
Back In 2001, I bought a leasehold flat in Hampstead. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Hampstead who acted for me is not around. What should I do?
First make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. There is no need to incur the fees of a Hampstead conveyancing solicitor to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Notwithstanding our best efforts, we have been unsuccessful in trying to reach an agreement for a lease extension in Hampstead. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the LVT to assess the price payable.
An example of a Lease Extension case for a Hampstead property is Raised Ground Floor Flat 20 Fitzjohns Avenue in July 2014. the Tribunal decided that the premiums to be paid for new leases in respect of the Raised Ground Floor Flat and the First Floor Flat were to be calculated as: Raised Ground Floor: £765,175.14 First Floor: £601,617.77 This case was in relation to 2 flats. The remaining number of years on the lease was 16.83 and 16.43.