I am in the throes of porting my current residential loan to a Buy to Let TSB mortgage. I was told by my financial advisor that I require a solicitor as part of the process. I had a chat my former Holloway conveyancing practitioner who who conducted the conveyancing when I initially bought the property. The pricing estimate they've given of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The charges appear a bit high. If you you were to look around you might reduce the fees slightly by say £125. That being said, providing that you were happy with the legal work the firm gave you maylive to rue opting for an a cheaper conveyancer. If is important to check the firm can represent TSB. Do utilise our search tool to select a Holloway conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Holloway.
Can your site be used to recommend a Conveyancing solicitor in Holloway even where I’m not purchasing or selling a house, for example if I wish to acquire an office in Holloway with a mortgage from Chelsea Building Society?
The service is predominantly utilised to locate domestic conveyancing solicitors in Holloway but we have recorded towards the bottom of this page a selection of Holloway commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for Chelsea Building Society
Can you point me to a directory of UBS panel conveyancers in Holloway on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings visible online. Where you are in need of a Holloway conveyancing practitioner on the UBS please make the most of our tool.
We were going to get a DIP from Lloyds this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Holloway solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Holloway solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
It is not clear whether my bank requires a lease extension. I have called my Holloway building society branch on a couple of occasions and was told it wasn't an issue and they would lend. My Holloway conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. Who do I believe?
The lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Due to the encouragement of my in-laws I had a survey completed on a property in Holloway prior to appointing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some lenders will not grant a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Holloway. Conveyancing will be smoother if you use a solicitor in Holloway especially if they are familiar with such properties in Holloway.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Holloway and how can you help?
The particular law that you refer to affords a safeguard to commercial tenants, giving them the dueness to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Holloway
Back In 2009, I bought a leasehold flat in Holloway. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Holloway who previously acted has long since retired. Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a Holloway conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a first floor flat in Holloway. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the premium.
An example of a Freehold Enfranchisement case for a Holloway residence is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case affected 1 flat. The number of years remaining on the existing lease(s) was 71 years.