The loan agreement from NatWest for the refinancing of my single room flat is coming imminently. Are you able to suggest a low cost conveyancing practitioner in Holland Park?
This site is not designed to aid those in pursuit of a cheap conveyancing in Holland Park. Our aim is to provide affordable conveyancing but we do not aim to work with the cheapest lawyers. Resist the temptation to appoint brokers offering £100 conveyancing in Holland Park. In your best case scenario, in deciding on cheap conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not receive the service required.
Our lawyer has uncovered a a problem with the lease for the apartment we are purchasing in Holland Park. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must check that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My fiance and I are buying a purpose built apartment in Holland Park with a residential mortgage from Clydesdale.We would like to retain our Holland Park conveyancing solicitor but Clydesdale says he's not listed on their "panel". We have to appoint a Clydesdale panel firm or keep our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its various provisions, a common one being that lawyers needs to be on the Clydesdale conveyancing panel. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Clydesdale
My wife and I are close to exchanging contracts on the sale of our property in Holland Park and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Holland Park. Having lived in Holland Park for many years we know of no issue. Is it a good idea to get in touch with our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. What do they say? You should check with 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 ailment)
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Holland Park I like with amenity areas and station in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Holland Park suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan that many years may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
There are only Sixty One years unexpired on my lease in Holland Park. I am keen to extend my lease but my freeholder is absent. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to demonstrate that you have done all that could be expected to track down the lessor. On the whole a specialist should be useful to try and locate and to produce an expert document to be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to devolving into the landlord’s absence and the application to the County Court overseeing Holland Park.
Following months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Holland Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to determine the price.
An example of a Lease Extension decision for a Holland Park flat 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 remaining number of years on the lease was 37.79 years.