I was told recently by my broker that my Otford property lawyer is not on the lender Conveyancing panel. How can I check?
The first thing you need to do is to call your Otford conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
I have given 8 weeks notice to my existing landlord and have to be out of my rented apartment in Otford by 3/11/2021. Conveyancing on my purchase is underway. Is it possible to complete in 4 weeks as I wish to avoid having to move into short term accommodation?
Generally one should not provide notice on a rental until your lawyer suggests that you should. Assuming that you have not previously done so, speak to your conveyancer and urge them to they seek the assistance the other solicitors, try to an acceptable time-line that everyone will work to achieve
When will exchange of contracts occur in domestic conveyancing in Otford and am I required to attend the conveyancers office?
If you are in close proximity to our conveyancing solicitors in Otford you are welcome to attend to sign documents. That being said, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the solicitor to officially exchange at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Otford)to be in the office at the appropriate time.
What is your number one tip for finding a conveyancing solicitor in Otford
It would be unwise to be seduced by the lowest Otford conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I currently have a mortgage with Kent Reliance for my property in Otford. Conveyancing was finalised some time ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel firm.
It is unclear whether my bank requires a lease extension. I have called my Otford bank branch on a couple of occasions and was informed it wasn't an issue and they will lend. My Otford conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. Who do I believe?
Your conveyancer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in Otford?
At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Otford. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you instruct them for your home move in Otford
I am using a search engine for the term on line conveyancing in Otford it brings up many conveyancersin the area. How do I determine which is the right property lawyer for me?
The ideal way of seeking the right conveyancer is via personal referral, so seek the guidance of colleagues and relatives who have purchased a property in Otford or the local estate agent or mortgage broker. Costs for conveyancing in Otford differ, so it's advisable to request a minimum of three fee estimates from different companies. Make sure that you know that the costs are assured not to escalate.