My fiance and I are planning to acquire a flat in Notting Hill and have appointed a Notting Hill conveyancing firm. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Leeds Building Society have this morning contacted us to inform me that there is now an issue as our Notting Hill conveyancer is not on their approved list of lawyers. Is this a problem?
Where you are buying a property needing a mortgage it is normal for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Notting Hill lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Me and my fiancee are buying our first home. The conveyancer has calledto ask if we want to order supplemental conveyancing searches. We are really unsure what's needed for conveyancing in Notting Hill
The number and type of Notting Hill conveyancing searches should be dictated entirely on the premises, the location, the probability of any of these risks, your knowledge of the locality and risks, your overall appetite to risk. What matters is that you properly understand what information the searches could provide. Then you can make a decision if you personally think you need that search. Should you be uncertain, ask the conveyancer to recommend.
I need some quick conveyancing in Notting Hill as I am under a deadline to complete in less than 2 weeks. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you are at free not to have searches carried out although no conveyancer would recommend that you don't. With plenty of history conveyancing in Notting Hill the following are instances of issues that can crop up and therefore impact future saleability: Enforcement Actions, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I have been on the look out for a ground for flat up to £305k and found one near me in Notting Hill I like with amenity areas and station nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Notting Hill in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am a sole trader wishing to lease a unit on the high street. Can you recommend lawyers offering no-move-no costs for commercial conveyancing in Notting Hill for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Notting Hill, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the costs these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone so as to enable us to provide you with a fixed commercial conveyancing calculation.
Can you offer any advice when it comes to choosing a Notting Hill conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a Notting Hill conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Notting Hill conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
Can they put you in touch with clients in Notting Hill who can give a testimonial?
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Notting Hill conveyancing firm to help?
You certainly can. We are happy to put you in touch with a Notting Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Notting Hill premises is 2 Grove House 95 Addison Road in October 2013. the Tribunal decided that the premium to bepaid for a new lease is £50,050. This case related to 1 flat. The unexpired lease term was 68.4 years.