My husband and I are nearing an exchange on a house in Otford and my parents have sent the 10% deposit to my conveyancing practitioner. I am now told that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is duty bound to check with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather instruct a Otford based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel conveyancers if you want the "fee-free" deal. Contact the mortgage company to see if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Otford.
Will commercial conveyancing searches disclose proposed roadworks that may affect a commercial estate in Otford?
Its becoming the norm that commercial conveyancing solicitors in Otford will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Otford. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Otford.
For each commercial conveyancing transaction in Otford it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Otford commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Otford.
I have a terraced Georgian property in Otford. Conveyancing solicitor represented me and TSB. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Otford and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing lawyer who conducted the work.
Given that I will soon part with hundreds of thousands of pounds on 3 bedroom house in Otford I would like to have a conversation with the conveyancer regarding thehome move prior to instructing the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor due to be doing your conveyancing in Otford.There is no ‘factory style conveyancing’ - every client is unique individual, not a case reference. The solicitors that we put you in touch with believe that the fees you are quoted for residential conveyancing in Otford should be the amount on the final invoice that you end up paying.
I require the services of a lender panel solicitor in Otford. Could you help me?
Unfortunately it’s not apparent why you need a Otford panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Otford are on their panel . If you do find such a firm in Otford not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site