My solicitor has uncovered a defect with the lease for the apartment we are buying in Holland Park. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer says that he must be satisfied that the lender 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 potential for a conflict of interest, you and the bank are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company 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 conveyancing practitioner will have no choice but to discontinue acting for you.
We are planning to acquire a house and need a conveyancing solicitor in Holland Park who is on the Skipton conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Holland Park.
I am buying a terraced house in Holland Park. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Holland Park you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Holland Park.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who dealt with the conveyancing in Holland Park 10 years ago are no longer around. What do I do?
Gone are the days when you need to have the physical official documentation to establish that you own the land or premises, as the Land Registry have everything they need in a digital format.
How does conveyancing in Holland Park differ for newly converted properties?
Most buyers of new build or newly converted property in Holland Park approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Holland Park tend to purchase the site, 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 conveyancers 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 accustomed to new build conveyancing in Holland Park or who has acted in the same development.
My brother is purchasing a ground floor flat in Holland Park. He was given a quote by the conveyancer suggested by the estate agents and it came to £1250 . It was ten years ago since I sold and purchased a house and it cost was £500. Have charges really increased to that extent?
You should contact a few local Holland Park conveyancing solicitors seeking prices. It is advisable to base your decision not only on cost, but on promptness and on how comprehensive the reply was.