I am thinking of remortgaging my flat in Holloway, does my lawyer have to be on the Leeds Building Society Conveyancing panel?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Holloway 10 years ago have long since closed. What are my options?
These day there are duplicates made of almost everything, and your conveyancer will be aware exactly where to locate all the relevant paperwork so you may purchase or dispose of your house without a hitch. If copies can’t be located, your lawyer may be able to arrange cover in the form of insurance or indemnities against possible claims on your premises.
I am buying my first flat in Holloway with a loan from Nottingham Building Society. The sellers refused to budge the amount so I negotiated 6k of extras instead. The estate agent suggested that I not reveal to my lawyer about this deal as it could adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How does the Landlord & Tenant Act 1954 affect my business property in Holloway and how can you help?
The 1954 Act gives protection to commercial tenants, giving them the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Holloway is one of our numerous locations in which the firms we work with are located
What advice can you give us when it comes to appointing a Holloway conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Holloway conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Holloway conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
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If they are not ALEP accredited then what is the reason? What are the charges for lease extension work?
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Holloway conveyancing firm to represent me?
Most certainly. We are happy to put you in touch with a Holloway conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Holloway premises is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case affected 1 flat. The remaining number of years on the lease was 71 years.