It has taken forever and a day but a loan agreement from Santander for the refinancing of my 3 room garden flat is to be issued any day now. Are you able to suggest a cheap conveyancing lawyer in Otford?
This site is not designed to help those in pursuit of the cheapest conveyancing in Otford. Our intention is to offer affordable conveyancing but we do not aim to work with the cheapest lawyers. Resist the temptation to appoint organisations offering the bait of ninety nine pound conveyancing in Otford. Optimistically, in choosing a lawyer for cheap conveyancing, you will receive what you pay for and at worst you will end up with a hefty uplift in extras and still not get the service expected.
My lawyer has discovered a a problem with the lease for the flat we are purchasing in Otford. The other side have put forward defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer says that he must ensure that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. The appropriate lender specifications have to be complied with.
The Otford conveyancing solicitors that I recently instructed on my purchase in Otford have without warning shut down. I chose them because I had to have a firm on the Co-operative conveyancing panel and my previous Otford lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
Given that I will soon part with 450k on a garden flat in Otford I would like to have a conversation with the lawyer about myhouse move before instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be doing your property ownership legalities in Otford.There is no ‘factory style conveyancing’ - each client is unique person, not a matter reference. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Otford should be the amount on the final invoice that you are charged.
I need to appoint a conveyancing solicitor for some conveyancing in Otford. I happened to discover a web site which looks to be the ideal answer If it is possible to get all formalities completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you provide any advice for leasehold conveyancing in Otford from the point of view of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Otford can be avoided if you appoint lawyers the minute you market your property and ask them to collate the leasehold documentation needed by the buyers’ solicitors. The majority of freeholders or managing agents in Otford charge for providing management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management information sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Otford. A minority of Otford leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share certificate. Organising a duplicate share certificate is often a time consuming formality and delays many a Otford conveyancing deal. If a duplicate share is necessary, you should approach the company officers or managing agents (where relevant) for this as soon as possible. If there is a history of conflict with your landlord or managing agents it is very important that these are settled before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to unsettled.
Otford Leasehold Conveyancing - A selection of Queries before Purchasing
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How many of the leaseholders are in arrears for their service charge payments? Please inform me if there are any major works in the near future that will likely add a premium to the maintenance costs?