Why do I have to pay up front when it comes to conveyancing in Hollywood?
If you are buying a property in Hollywood your lawyer will request that you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the sale price then this should be required shortly ahead of exchange of contracts. The closing balance that is due will be payable a few days ahead of the day of completion.
We are downsizing from our home in Hollywood and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Hollywood conveyancer would know this is not the case. It does beg the question why the buyers used a nationwide conveyancing practice rather than a conveyancing solicitor in Hollywood. We have lived in Hollywood for three years we know that this is a non issue. Should we contact our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
It has been 4 months since my purchase conveyancing in Hollywood took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Hollywood differ for new build properties?
Most buyers of new build or newly converted property in Hollywood contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Hollywood tend to purchase 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 conveyancing solicitors 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 Hollywood or who has acted in the same development.
What advice can you give us when it comes to finding a Hollywood conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Hollywood conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Hollywood conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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How many lease extensions have they conducted in Hollywood in the last twenty four months? If they are not ALEP accredited then what is the reason?
Leasehold Conveyancing in Hollywood - Examples of Queries before Purchasing
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The best form of lease structure is a share of the freehold. In this scenario the lessees have being in charge if their destiny and although a managing agent is often retained if it is bigger than a house conversion, the managing agent is directed by the tenants. Please tell me if there are any major works on the horizon that could increase the service costs? Make sure you find out if there are any onerous prohibitions in the lease. By way of example some leases prohibit pets being permitted in in a block in Hollywood. If you love the apartmentin Hollywood but your cat can’t live with you then you will be faced difficult determination.
A conveyancing firm acted on my conveyancing in Hollywood 5 years ago having retained my registration certificates but has since been shut down – What steps do I now take to retreive them?
Deeds, as such, no longer exist as most properties in Hollywood are archived digitally at Land Registry. Where you need to show evidence of proprietorship or are selling or refinancing your lawyer can obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.