I plan on acquiring an apartment in Holborn. My Conveyancer is not listed on the lender solicitor panel. Am I still permitted to retain my Holborn conveyancing solicitor notwithstanding that they are not on the bank panel?
You will need to use a lawyer to deal with the legal work required if you need a loan to buy your home. They will conduct all the relevant legal checks on the property, ensuring that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is dealt with. You may select a Holborn property lawyer of your choice. Nevertheless, if the property lawyer selected is not a member of the mortgage company approved list additional costs will be levied as separate legal representation will be need by the bank. Lender panel applications can be submitted, so provided your conveyancer has not historically applied for membership they should take the opportunity to apply.
We are intent on selling our property in Holborn and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using a web based conveyancing practice rather than a conveyancing solicitor in Holborn. We have lived in Holborn for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. What do they say? 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 health insurance to cover that same ailment)
It has been four months following my purchase conveyancing in Holborn concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 premises 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.
How does conveyancing in Holborn differ for newly converted properties?
Most buyers of new build premises in Holborn approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Holborn usually buy the land, 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 Holborn or who has acted in the same development.
I need to instruct a conveyancing solicitor for my conveyancing in Holborn. I've land on a web site which looks to be the perfect offering If there is a chance to get all this stuff completed via email that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What advice can you give us when it comes to choosing a Holborn conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Holborn conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Holborn conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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What are the legal fees for lease extension work? How experienced is the firm with lease extension legislation?
I own a garden flat in Holborn. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
You certainly can. We can put you in touch with a Holborn conveyancing firm who can help.
An example of a Lease Extension decision for a Holborn property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case affected 1 flat. The unexpired lease term was 66.8 years.