Can your site be used to find a Conveyancing solicitor in Holly Village even where I’m not purchasing or disposing of a house, for instance where I intend to acquire a shop in Holly Village with a mortgage from Platform Home Loans Ltd?
Our comparison service is predominantly utilised to help choose residential conveyancing solicitors in Holly Village but we have set out at the end of this page some Holly Village commercial conveyancing firms. You should speak with the firm directly to see if they can also act for Platform Home Loans Ltd
I am considering applying for a Lloyds mortgage for purchase of a new build (under development) in Holly Village with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
In theory, you could use a solicitor that is not on the Lloyds conveyancing panel, but Lloyds would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My wife and I own a semi-detached Edwardian house in Holly Village. Conveyancing lawyer represented me and Britannia. 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 with the exact same address. Is it worth asking Britannia to clarify?
You should 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 Holly Village and other areas of 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 mortgage companies. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Due to the input of my in-laws I had a survey completed on a house in Holly Village before appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will refuse to give a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Holly Village. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Holly Village to see if the conveyancing costs will increase in light of this.
Notwithstanding our best endeavours, we have been unsuccessful in negotiating a lease extension in Holly Village. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing freeholder or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to assess the amount due.
An example of a Lease Extension case for a Holly Village premises is Flats 12A & 19, Evelyn Mansions Carlisle Place in June 2009. The Tribunal held that the price to be paid for the new lease of Flat 12A is £168,824, For the other flat the price was set at £169,110 This case was in relation to 2 flats. The remaining number of years on the lease was 56 years.
Are there frequently found defects that you see in leases for Holly Village properties?
Leasehold conveyancing in Holly Village is not unique. All leases are drafted differently and drafting errors can result in certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:
-
Insurance obligations
You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Bank of Scotland, and Britannia all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the purchaser to withdraw.
What is the reason for my property lawyer requiring a list of items of ID ahead of starting selling or buying a property in Holly Village?
Holly Village solicitors are required by the Law Society, SRA, the Land Registry and current AML legislation to record that the have verified the identity of their clients. It will also be a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, national insurance number and DOB.