At long last a loan agreement from NatWest for the refinancing of my single room apartment is expected imminently. Could you propose a cheap conveyancing practitioner in Kentish Town?

You have come to the wrong site to search for the cheapest conveyancing solicitors in Kentish Town. Our intention is to offer value for money conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint organisations enticing you with ninety nine pound conveyancing in Kentish Town. At best, in going for cheap conveyancing, you will get your money’s worth and at worst it will result in you with a hefty uplift in additional fees and still not end up with the service you were looking for.

Is it necessary to take out insurance to cover chancel repairs when purchasing a property in Kentish Town?

Unless a previous acquisition of the house completed post 12 October 2013 you could assume that lawyers delivering conveyancing in Kentish Town to continue to recommend a chancel search and or chancel repair liability insurance.

It has been 3 months following my purchase conveyancing in Kentish Town concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Kentish Town I like with a park and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Kentish Town suitable, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you need a home loan the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.

I own a leasehold flat in Kentish Town. Conveyancing was completed in 2010. I have heard that I mustn’t let the lease length fall too low. What is the reasoning?

Kentish Town leasehold properties are for a prescribed term - usually just under one hundred years when they commenced. However a significant flats in Kentish Town were constructed or converted in the 70’s80’s and so such leases now have under 80 years left to run. This may seem like a long time but Banks, Building Societies and other mortgage lenders tend to require leases to have at least seventy five years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To increase the marketability of your property you should be thinking about whether or not to extend your lease well in advance of selling the property. Furthermore advantages to taking action before the lease reaches even 80 years as when the lease falls below 80 years the amount to be paid to extend starts to increase.