Do the conveyancing lawyers that are recommend conduct auction conveyancing in Holland Park?

There are a few auction lawyers we can put you in touch with those specialising in auction conveyancing. Holland Park is one of hundreds of locations where our lawyers have a presence.

I own a freehold residence in Holland Park but still invoiced for rent, why is this and what is this?

It is rare for properties in Holland Park and has limited impact for conveyancing in Holland Park 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 many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.

Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.

I have been on the look out for a ground for flat up to £245,000 and found one close by in Holland Park I like with amenity areas and railway links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Holland Park in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a mortgage the shortness of the lease may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

I am looking into buying my first house which is in Holland Park and I am already nervous. I couldn't find anything specific about Holland Park. Conveyancing will be needed in due course but do you know about the Holland Park area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Holland Park. In the meantime here are some basic statistics that we found

I’m about to sell my garden flat in Holland Park. Conveyancing is yet to be initiated, but I have just received a quarterly service charge demand – Do I pay up?

It best that you pay the invoice as normal because all ground rent and maintenance charges should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Holland Park conveyancing firm to assist?

if there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to arrive at the price payable.

An example of a Lease Extension decision for a Holland Park premises 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 number of years remaining on the existing lease(s) was 37.79 years.