It is a dozen years since I acquired my house in Holloway. Conveyancing lawyers have recently been appointed on the sale but I am unable to locate the title documents. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they could be in the possession of the solicitor who oversaw your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. Most conveyancing in Holloway relates to registered property but in the rare situation where your property is not registered it is more of a problem but is not insurmountable.
I used Action Conveyancing a few years past for my conveyancing in Holloway. I now require my file however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Holloway of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Holloway differ for newly converted properties?
Most buyers of new build premises in Holloway come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Holloway typically purchase the real estate, 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 Holloway or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a simple, chain free conveyancing. Holloway is where the house is located. Can you shed any light on this issue?
Flying freeholds in Holloway are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Holloway you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Holloway may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to find a conveyancing solicitor for leasehold conveyancing in Holloway. I have chance upon a web site which appears to be the ideal offering If there is a chance to get all formalities completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What can I expect to pay for conveyancing in Holloway?
Almost all Holloway conveyancing firms will agree to a fixed fee. If extra work becomes necessary during the conveyancing your conveyancing practitioner should inform you in writing of any further fees for any work immediately it becomes apparent. Some organisations may agree not to render an invoice if the deal falls through, others will charge a percentage of the set charges, depending on the point at which the matter fails.
It is advisable to obtain various firms to provide you an estimate.