I am under pressure from the mortgagee in possession of a property in Holland Park to exchange within four weeks. What can be done to quicken up the conveyancing process?
Where the seller is applying pressure for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will benefit local connections and insight. It is possible that they would have transacted previoushouses in the same road. You would be best advised to use a Holland Park conveyancing firm. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Holland Park conveyancing deals are suspended or jeopardised after discovering a purchaser’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal process being delayed by an average of three weeks. It is said that this issue impacts approximately 100,000 home moves every year. Most Holland Park conveyancing practices can not act for certain banks so do check as early as possible.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Holland Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Holland Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Holland Park is the location of the property. Is there any advice you can impart?
Flying freeholds in Holland Park are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Holland Park you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Holland Park may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am selling my home. My past conveyancers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Holland Park if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Holland Park. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
In surfing the web for the words on line conveyancing in Holland Park it reveals many solicitorsin the vicinity. How do I determine which is the right conveyancer for me?
The ideal way of choosing a suitable conveyancer is via trusted referral, so seek the guidance of colleagues and those you trust who have bought a property in Holland Park or the local estate agent or mortgage broker. Costs for conveyancing in Holland Park vary, so it's advisable to secure a minimum of three estimates from different property lawyers. Dont forget to clarify that the costs are guaranteed not to escalate.
I am looking at a couple of flats in Holland Park which have approximately forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Holland Park. The lease is a right to use the property for a period of time. As the lease gets shorter the marketability of the lease decreases and it becomes more costly to extend the lease. For this reason it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Holland Park. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Holland Park conveyancing firm who can help.
An example of a Lease Extension case for a Holland Park property is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 37.79 years.