It may have been a long time coming a loan agreement from HSBC for the remortgage of my single room apartment is to be issued any day now. Could you recommend a low cost conveyancing law firm in Holland Park?
This site is not designed to aid those in pursuit of the lowest fares for conveyancing in Holland Park. Our aim is to provide cost effective conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint companies enticing you with £100 conveyancing in Holland Park. In your best case scenario, in deciding on low cost conveyancing, you will get your money’s worth and at worst you will end up paying a lot in additional fees and still not end up with the service required.
It is a dozen years since I acquired my house in Holland Park. Conveyancing lawyers have now been appointed on the sale but I can't find my title documents. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be with the mortgage company or they may be in the possession of the lawyers who handled your purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Almost all conveyancing in Holland Park involves registered property but in the rare situation where your property is not registered it is more problematic but is resolvable.
Forgive me if this question is silly but I am unseasoned as a first time buyer of a garden flat in Holland Park. Do I receive the keys to the property on the completion date from my conveyancer? If so, I will use a local conveyancing solicitor in Holland Park?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the vendor’s conveyancers, and once they have received this, you will be able to receive the keys from the selling Agents and start moving into the property. Usually this occurs between 1 and 3pm.
My wife and I have organised the release of further funds on our mortgage from Co-operative as we want to conduct renovations to our property in Holland Park. Are we obliged to appoint a local Holland Park solicitor on the Co-operative conveyancing panel to deal with the legals?
Co-operative don't usually require a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative panel.
We have agreed to purchase a house in Holland Park. A rare aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Lloyds your lawyer must comply with the formal instructions set out in Section two of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Lloyds where a lease does not comply with these conditions. The conditions relate to the installation of panels on properties countrywide and is not limited to Holland Park.
I purchased a 4 bedroom Edwardian property in Holland Park. Conveyancing lawyer represented me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
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 owner 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 sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing lawyer who carried out the work.
I have been advised by numerous selling agents in Holland Park to find a property lawyer on your site. Is there a financial upside for Estate Agents to promote your services over a competitor’s?
We refuse to give any commission for directing people to this site. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Having had my offer accepted I require leasehold conveyancing in Holland Park. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and most are in Holland Park - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the proprietor of a second floor flat in Holland Park. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.
An example of a Lease Extension decision for a Holland Park residence 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 unexpired residue of the current lease was 37.79 years.