It is a dozen years since I bought my property in Holland Park. Conveyancing solicitors have now been instructed on the sale but I can't locate the deeds. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they could still be with the solicitor who acted in your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Holland Park relates to registered property but in the unlikely event that your property is not registered it is more problematic but is resolvable.
Can you point me to a directory of HSBC panel conveyancers in Holland Park on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings visible over the internet. Where you are in need of a Holland Park solicitor on the HSBC please use our facility.
is it true that all Holland Park solicitor firms on the TSB conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the TSB conveyancing panel they would need to be governed by the SRA. The majority of banks do list licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
I had a mortgage agreed in principle with Virgin Money. Holland Park conveyancing solicitors were appointed. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
There is no definitive answer here. Have Virgin Money done the valuation? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Holland Park?
Its becoming the norm that commercial conveyancing solicitors in Holland Park will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Holland Park. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Holland Park.
For every commercial conveyancing transaction in Holland Park it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Holland Park commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Holland Park.
I have justfound out that Wolstenholmes have closed. They conducted my conveyancing in Holland Park for a purchase of a freehold house 18 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Holland Park conveyancing specialists.
How does conveyancing in Holland Park differ for newly converted properties?
Most buyers of new build residence in Holland Park come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Holland Park typically buy the real estate, 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 conveyancers 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 used to new build conveyancing in Holland Park or who has acted in the same development.
We have had DIP from Chelsea Building Society who said we could borrow up to £117k. When do I need to appoint a solicitor for conveyancing? Holland Park is where we plan to move to.
It would be wise to appoint a property lawyer now and ask them to create a file on your behalf. This will kickstart: 1) the estate agent to send out the Sales Memorandum to the relevant parties 2) the seller’s conveyancing practitioner to send out the draft contract. That being said, do not ask your lawyer to order searches until you have your valuation report from Chelsea Building Society and you are content to proceed.