What does my ID and proof of funds have anything to do with my conveyancing in Holland Park? Why is this being asked of me?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Holland Park. However these days you will not be able to complete any conveyancing transaction if you have not submitting evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence plus a bank statement. Remember if you are providing your driving licence as proof of ID it must be both the paper part and photo card part, one is not sufficient without the other.
Proof of the source of money is required in accordance with the Money Laundering Regulations. You should not be offended when you are asked to produce this as your conveyancing solicitor will need to have this information on file. Your Holland Park conveyancing solicitor will require evidence of proof of funds prior to accepting any monies from you into their client account and they may also ask additional questions concerning the source of funds.
My grandmother passed away last year and as sole heir and executor I was left the property in Holland Park. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
If you intend to re-mortgage then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
Various web forums that I have frequented warn that are the primary cause of stalling in Holland Park house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Holland Park.
I have been on the look out for a flat up to £245,000 and identified one close by in Holland Park I like with open areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Holland Park suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
Are there any apps to help search for a Holland Park law firm on the TSB conveyancing panel? I drive a motor bike and am willing to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Holland Park conveyancing lawyers based on proximity. We have detailed some Holland Park conveyancing firms at the bottom of this page and you can contact them to see whether they are on the TSB approved list
I cannot get to my Holland Park conveyancing lawyers office to execute documents connected to my conveyancing in Holland Park – is this a problem?
No. Holland Park conveyancing solicitors can undertake conveyancing transactions for clients wider afield. You are unlikely to be required to be present a Holland Park conveyancers office. They can handle everything remotely from their Holland Park office.