I'm in the process of transferring my existing standard loan to a Buy to Let The Royal Bank of Scotland mortgage. I was told by my mortgage that I require a solicitor as part of the process. I had a chat my past Otford conveyancing firm who who conducted the conveyancing when I first acquired the premises. The costs illustration supplied of £550 is an eye-watering amount to do this as its a remortgage than a sale or purchase.
The charges are a little high. Where you are willing to spend time comparing costs you might decrease the fees marginally by as much as £125. On the other hand, providing that you were content with the assistance the firm gave you couldcome to rue opting for an an untested lawyer. Don't forget to be sure the conveyancer can act for The Royal Bank of Scotland. Do utilise our search tool to get a quote a Otford conveyancing firm on the The Royal Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Otford.
I have given 2 months notice to my current landlord and have to vacate my let out flat in Otford by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not give notice for your letting until your lawyer suggests that you should. If you have not previously done so, update to your solicitor and request that they apply pressure on the sellers lawyers, try to get a realistic time scale from them that everyone will aim to achieve
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would much rather instruct a Otford based conveyancing firm?
Do check but the chances are that allocate you one of their panel lawyers should you want the "fee-free" offer. Contact the bank to explore if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Otford.
Just had an offer accepted on a new build flat in Otford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Otford
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Otford is the location of the property. Is there any guidance you can impart?
Flying freeholds in Otford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Otford you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Otford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How straightforward is it to use your search app to choose a conveyancing lawyer in Otford on the panel for my bank?
Step one is to choose a mortgage company such as Halifax, Norwich and Peterborough Building Society or Britannia then choose your preferred area e.g. Otford. Conveyancing organisations in Otford and beyond should be listed.