I am only a couple days away from an exchange on a house in Holland Park and my mum and dad have transferred the exchange deposit to my lawyer. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
Your solicitor is obliged to check with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am assisting my step-mother sell her house in Holland Park. Does the conveyancer commission an EPC or do I organise this?
Following the demise of Home Packs, energy assessments was retained a mandatory part of moving house. An energy performance certificate should be to hand prior to the property being placed on the market. It is not something that lawyers ordinarily organise. Where you are instructing a Holland Park conveyancing practitioner they might be able to arrange EPC’s given their contacts with long established local assessors
I am purchasing a 3 bedroom semi in Holland Park. We would like to carry out a loft conversion at the house.Will the conveyancing process involve enquiries to ascertain if these works are permitted?
Your property lawyer will check the registered title as conveyancing in Holland Park can occasionally identify restrictions in the title deeds which restrict certain works or necessitated the consent of a 3rd party. Some extensions require local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
My wife and I are at the point of viewing flats in Holland Park and I am now considering a potential offer. Should I already have a conveyancer in place at this point? I will be getting a home loan with Virgin Money.
It would be wise to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
How does conveyancing in Holland Park differ for newly converted properties?
Most buyers of new build premises in Holland Park contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Holland Park typically purchase the site, 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 used to new build conveyancing in Holland Park or who has acted in the same development.
I decided to have a survey carried out on a house in Holland Park before instructing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies will not grant a loan on such a property.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Holland Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Holland Park to see if the conveyancing will be more expensive.
I am thinking of appointing a conveyancing solicitor in Holland Park for my house move. Can I review a firm’s record with the legal regulator?
Members of the public can find published Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.