I am the single beneficiary of my late grandmother’s estate and I have everything in my name alone, including the house in Holland Park. The Holland Park property was put into my name in August. I plan to dispose of the property. I do know about the CML 6 month 'rule', meaning my property ownership may be considered the same way as if I'd bought the property in August. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How practical a view mortgage companies take of it, depend on the lender as this obligation chiefly exists to capture subsales or the flipping of properties.
We are getting the release of further monies on our home loan from HSBC as we intend to carry out a loft conversion to our house in Holland Park. Are we obliged to select a nearby Holland Park solicitor on the HSBC conveyancing panel to deal with the legals?
HSBC don't usually appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC list.
I was told three weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Holland Park is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
What will a local search tell me concerning the house my wife and I purchasing in Holland Park?
Holland Park conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search plays a central role in most Holland Park conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I used Wolstenholmes a few years ago for my conveyancing in Holland Park. Now, I need my documents however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate 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 Holland Park of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Do I need to be concerned by third parties that I am dealing with are recommending a national conveyancing firm as opposed to a High Street Holland Park conveyancing company?
As is the case with many service providers, often recommendations from family and friends can be extremely useful or valuable. Yet there are many parties with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all put forward lawyers to retain. On occasion the lawyers might be known to one of the organisations as being good in their field, but sometimes there might be a commercial relationship behind the endorsement. You are at liberty to appoint your own conveyancer. However, bear in mind that most lenders operate an approved list of solicitors you have to use for the lender aspect of your house move.
I want to rent out my leasehold flat in Holland Park. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
A small minority of properties in Holland Park do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Holland Park. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Holland Park conveyancing firm who can help.
An example of a Lease Extension decision for a Holland Park residence is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case was in relation to 1 flat. The unexpired residue of the current lease was 37.79 years.