The housing market in Notting Hill is heating up. What can be done to quicken up the conveyancing process?
Where the seller is applying a tight deadline for your conveyancing it is advisable to make sure that your lawyer is familiar with the area as they will benefit local contacts and know-how. It is even conceivable that they could have handled previousproperties in the same road. You would be best advised to use a Notting Hill conveyancing lawyer. Second, double check that the lawyer is on the member panel. It is believed that 18% of Notting Hill conveyancing deals are suspended or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal transfer of property being frustrated by almost three weeks. It is understood that this issue impacts approximately 100,000 home sales annually. Almost all Notting Hill conveyancing practices can not act for certain mortgage companies so do check at the outset.
Having sold my house in Notting Hill last August yet the purchaser is SMS messaging daily complaining that their solicitor is waiting to hear from mylawyer. What should have happened now that I have sold?
Following your house sale your conveyancer is obliged to send the transfer documentation and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor should also send confirmation that the home loan has been repaid to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Notting Hill.
This question may be naive but I am unexperienced as a first time buyer of a ground floor flat in Notting Hill. Do I collect the keys to the house on completion from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in Notting Hill?
On the day of completion you will not be required to go to the conveyancers office in Notting Hill. Your solicitors will electronically transfer the completion advance to the vendor’s solicitors, and once they have received this, you should be called to collect the keys from the Estate Agents and start moving into the property. Usually this happens early afternoon.
I am the only beneficiary of my late father’s will with all property in now in my sole name, including the my former home in Notting Hill. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the property in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How sensible a view lenders take of it, depend on the mortgage company as this clause is primarily there to pick up on the purchase and immediately sell or the flipping of property.
Can you point me to a directory of RBS panel conveyancers in Notting Hill on the Building Society Association’s Website?
No. There is no such directory service on the CML or Building Society Association websites. Very few lending institutions make their panel listings visible over the internet. If you are in need of a Notting Hill conveyancer on the RBS please make the most of our facility.
Just acquired a terraced house in Notting Hill , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Notting Hill conveyancing solicitor works at snail pace, so I want to be certain the registration formalities are concluded.
There is nothing unique when it comes to conveyancing in Notting Hill registration formalities. As opposed to being determined by geographic area, timeframes can differ depending on who lodges the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. As of today approximately 80% of such applications are completed in less than three weeks but some can be subject to protracted delays. Registration is effected after the new owner has moved in to the premises therefore registration formalities is not always an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
In my capacity as executor for the will of my father I am selling a house in Cardiff but I am based in Notting Hill. My lawyer (who is 200 kilometers awayhas requested that I execute a statutory declaration prior to completion. Can you recommend a conveyancing lawyer in Notting Hill to witness this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Notting Hill based
I've found a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have just been informed that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Notting Hill. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Notting Hill ?
Most houses in Notting Hill are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Notting Hill so you should seriously consider looking for a Notting Hill conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your lawyer will report to you on the legal implications.
I own a two-bedroom flat in Notting Hill. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
if there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to decide the premium.
An example of a Lease Extension decision for a Notting Hill residence 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 was in relation to 1 flat. The remaining number of years on the lease was 68.4 years.