I am the registered owner of a freehold residence in Holland Park but nevertheless charged 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.

We are purchasing a detached bungalow in Holland Park. We would like to an extension at the rear at the property.Will legal due diligence on the property involve checks to determine if these works are permitted?

Your conveyancer should check the registered title as conveyancing in Holland Park can sometimes reveal restrictions in the title documents which prohibit certain works or need the permission of a 3rd party. Many additions require local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be wise to check these things with a surveyor prior to committing yourself to a purchase.

Is there a list of Co-operative panel conveyancers in Holland Park on the UK Finance Lenders’ Handbook Website?

No. There is no such facility on the CML or Building Society Association sites. Very few mortgage companies make their panel listings open the public on the web. Where you are seeking to appoint a Holland Park conveyancing practitioner on the Co-operative please use our facility.

We are getting the release of further monies on our mortgage from Coventry BS as we wish to conduct alterations to our property in Holland Park. Are we obliged to select a nearby Holland Park solicitor on the Coventry BS conveyancing panel to handle the paperwork?

Coventry BS would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS conveyancing panel.

Just had an offer accepted on a new build flat in Holland Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Holland Park

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

Should I be concerned by brokers that I am dealing with are suggesting a national conveyancing firm rather than a High Street Holland Park conveyancing company?

As is the case with many professional services, often input from family and friends can be worth their weight in gold. Nevertheless there are lots of people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and banks might all put forward solicitors to use. Sometimes these solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the recommendation. You are at liberty to appoint your own conveyancer. Don't forget that most lenders specify a panel list of solicitors you must use for the mortgage related work in your house move.

I am on look out for some leasehold conveyancing in Holland Park. Before I get started I want to be sure as to the unexpired term of the lease.

Assuming the lease is registered - and most are in Holland Park - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Holland Park conveyancing firm to represent me?

in cases where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.

An example of a Lease Extension decision for a Holland Park property 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 lease term was 37.79 years.