I have given 2 months notice to my current landlord and have to vacate my let out property in High Holborn by the end of next month. Conveyancing for my house purchase is underway. Can I complete in three weeks as I wish to avoid having to find short term accommodation?
It is unwise to give notice on a rental unless your lawyer suggests that you should. Assuming that you have not previously done so, contact to your lawyer and request that they cajole the owners solicitors, try to get a realistic time scale from them that all parties will aim to achieve
I purchased a freehold residence in High Holborn but still charged rent, why is this and what is this?
It’s unusual for properties in High Holborn and has limited impact for conveyancing in High Holborn but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
The High Holborn conveyancing firm that just started acting on my purchase in High Holborn have suddenly closed. I chose them because I needed a firm on the conveyancing panel and my family High Holborn lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
My partner and I are downsizing from our home in High Holborn and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street High Holborn conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an online conveyancing practice as opposed to a conveyancing solicitor in High Holborn. We have lived in High Holborn for many years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
What is the reason for my requiring various items of identification before they can proceed with my conveyancing in High Holborn?
High Holborn s are required by the Law Society, SRA, HMLR and current AML Regulations to record that the have verified the identity of their clients. It will also be a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, NI number and DOB.