Why would one use a Holland Park conveyancing practice when web based conveyancers are less overpriced?
Its a good idea to scrutinise conveyancing costs in Holland Park and you should seek a competitive quote but don’t expend your energy sourcing the cheapest Holland Park conveyancer. Locating the right conveyancer can mark the difference between a smooth and a distressing move. It is important that you ensure that you have expert advice from an experienced conveyancer. Emails can't be as helpful as a phone discussion and are no substitute for a face to face consultation. Our partner firms will find you a qualified and trusted conveyancing solicitor who can handle your conveyancing from start to finish, providing a level of continuity that you rarely receive from an online conveyancer. Our lawyers will contact you regularly to update you as to headway and keep you informed. If you ever need to phone the office you will know who to ask for and they will ensure you're not left wondering what's going on.
I am the registered owner of a freehold house in Holland Park but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Holland Park and has limited impact for conveyancing in Holland Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
Have just purchased a probate house at auction in Holland Park. Conveyancing is needed. What is next?
Given that you have now to in every practical sense signed on the dotted line you must choose a conveyancing solicitor soon as you will have a fast approaching deadline in which to complete the transaction. Every auction property will have a bespoke auction pack. This will include evidence of title and search results. Where you are dealing with leasehold premises the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You must hand this to the solicitor working for you ASAP. Do make sure that your finances are organised to complete the transaction on the set completion date.
We have agreed to purchase a house in Holland Park. One unusual aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Bank of Ireland your lawyer must follow the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Bank of Ireland where a lease fails to satisfy these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not limited to Holland Park.
After much negotiation I have agreed a price on an apartment in Holland Park. My financial adviser suggested a conveyancing practitioner. I paid an on account payment of £200. Not long after, the property lawyer called me embarrassingly acknowledging that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My wife and I purchased a terraced Victorian house in Holland Park. Conveyancing lawyer acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Leeds Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Holland Park and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who carried out the work.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Holland Park I like with amenity areas and station in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Holland Park in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be problematic. Reduce 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 can 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 and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I need to find a conveyancing solicitor for leasehold conveyancing in Holland Park. I've discover a web site which looks to be the ideal answer If there is a chance to get all the legals done 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?