Hampstead conveyancing FAQs
How much council tax must I pay for a property in London Borough of Camden?
Hampstead is situated in London Borough of Camden. Council tax bands are as follows:
|Band||London Borough of Camden Council Tax (2018/19)|
How much stamp duty will I have to pay?
Read more about stamp duty:
Are Hampstead conveyancing fees fixed?
Some conveyancing solicitors in Hampstead provide legal services on an hourly rate and other firms will work for a fixed fee.
Our solicitors work on a fixed legal fee basis, with no additional fees hidden in the small print. Your conveyancing quote will explain what you will pay when your house sale or purchase completes.
If, for whatever reason, your house sale or purchase does not go ahead, you will pay no legal fees at all with our No Sale, No Fee guarantee.
Will I need property searches when buying a property in Hampstead?
Searches are questions submitted to a number of authorities by Hampstead conveyancing solicitors to identify issues affecting the home you want to buy. Lenders also usually require conveyancing searches to be purchased.
How long does leasehold conveyancing take?
The vast majority of flats are leasehold. Leasehold houses are less common, but there are still an estimated 1 million such properties across the country. The conveyancing for a leasehold property will usually take more time than a freehold home because leasehold transactions involve more work and there is greater complexity.
Examples of delays might include anything from slow receipt of the managing agent information to out-of-date contact information for the freeholder.
Quittance's expert leasehold solicitors handle hundreds of leasehold transactions a month, and our proactive approach means delays are less likely to occur.
Does a leasehold property take longer to sell?
Compared to freehold property, yes. Sale conveyancing for leasehold properties can result in long delays.
The buyer's solicitor will expect to see this leasehold-related paperwork. These could include details of any breaches by other leaseholders and a copy of the freehold property's buildings insurance. The time required by the solicitor to source this information is the common cause of such delays.
The solicitor should commence this before a buyer has even been found, because these details can take a long time to gather if the managing agent or landlord is slow or difficult to contact.
Will I need a conveyancing solicitor if I am remortgaging my Hampstead property?
The official UK base rate is currently set at 0.75% (Feb 2019). A good Hampstead remortgage solicitor can get you onto your new rate as quickly as possible.
Our property lawyers are on the panel for all major lenders, so whether you are you are moving to a flexible mortgage with the Nationwide Building Society or to a fixed-rate mortgage with the Harpenden Building Society, our remortgage specialists can help.