The lawyer who helped my former purchase has quoted £995 for freehold conveyancing in Camden. I am selling a modern property for £200,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in Camden?
The estimate does seem marginally overpriced. If you shop around you might reduce the fees slightly by perhaps £100 plus VAT. On the other hand, you couldlive to regret opting for an an untested lawyer. Don't forget to ensure that the solicitor can represent your lender. Do use our comparison tool to locate a Camden conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Camden.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Camden with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
In theory, you could use a solicitor that is not on the Aldermore conveyancing panel, but Aldermore 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.
My stepmother pointed out to me me that in buying a property in Camden there could be various restrictions as to what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Camden which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Camden should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a victorian detached house in Camden. We would like to carry out an extension to the side at the house.Will the conveyancing process include enquiries to ascertain if these alterations are prohibited?
Your solicitor will review the registered title as conveyancing in Camden will on occasion reveal restrictions in the title documents which prohibit categories of changes or need the consent of another owner. Many works call for local authority planning permissions and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these things with a surveyor before you commit yourself to a purchase.
When it comes to mortgage companies such as Barclays, do Camden conveyancing practitioners incur an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Camden I like with amenity areas and railway links nearby, however it only has 61 years on the lease. I can't really find anything else in Camden for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
Is it best to appoint a Camden conveyancing practitioner based in the location that I am hoping to buy? We have a good friend who can deal with the legal work but they are based a couple of hundredkilometers away.
The primary upside of using a high street Camden conveyancing firm is that you can attend the office to execute documents, present your identification documents and apply pressure on them where appropriate. Having local Camden know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and in the main were impressed that must outweigh using an unknown Camden conveyancing solicitor solely due to them being Camden based.