I selected a Notting Hill based solicitor for our conveyancing in Notting Hill recently. After carefully reading the Ts and Cs it is apparent thatwe are responsible for costs even if our purchase aborts. Would I be best advised to choose a web based conveyancing company offering no move no charge conveyancing in Notting Hill?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the fee levels will tend to be be uplifted to cover those conveyances that fail to complete. Dont forget that such schemes generally do not protect you from expenses by way of example Notting Hill conveyancing search charges.
It is 10 years ago since I bought my home in Notting Hill. Conveyancing lawyers have recently been retained on the sale but I can't track down the deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly the deeds may be retained by your lender or they could be in the possession of the lawyers who acted in your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Notting Hill relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is resolvable.
After scouring online forums for a cheap solicitor in Notting Hill, many post that I should instruct a CQS accredited solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in the legal transfer of properties, trusted by some of the UK's biggest lenders. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). CQS is not a scheme offered by the Council of Licensed Conveyancing. Notting Hill is one of the numerous areas of the UK where there are CQS solicitors.
I have paid off my mortgage with Nottingham. I assume I don't need a Notting Hill lawyer on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
Planning on purchasing a apartment in Notting Hill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Notting Hill conveyancer is on the HSBC conveyancing panel.
UBS have agreed my home loan in principle, my bid on a house in Notting Hill has been agreed to, what happens next?
Your property agent will wish to know who your solicitors are (be sure the conveyancers are on the lender’s panel). Telephone UBS or the financial adviser and finalise any appropriate forms. UBS will sellect a valuer who will get in touch with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. UBS will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Notting Hill.
I have been on the look out for a flat up to £305k and found one close by in Notting Hill I like with open areas and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Notting Hill suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Having had my offer accepted I require leasehold conveyancing in Notting Hill. Before I set the wheels in motion I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Notting Hill - 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 have had difficulty in trying to purchase the freehold in Notting Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Notting Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Notting Hill premises is 2 Grove House 95 Addison Road in October 2013. the Tribunal decided that the premium to bepaid for a new lease is £50,050. This case affected 1 flat. The unexpired residue of the current lease was 68.4 years.