It is is a decade since I bought my home in Otford. Conveyancing solicitors have recently been appointed on the sale but I can't find my title deeds. Is this a problem?
You need not be too concerned. First the deeds may be retained by your lender or they may be in the possession of the lawyers who acted in your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Otford involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
Are all Otford Conveyancing Quality Solicitors on the Principality conveyancing panel?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
is it true that all Otford conveyancing solicitors on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the SRA. The majority of banks do permit licenced conveyancers on their panel and in such a situation the firms would be governed by the CLC.
I was told two weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Otford is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 4 months since my purchase conveyancing in Otford concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Otford differ for new build properties?
Most buyers of new build property in Otford contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Otford typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Otford or who has acted in the same development.
Taking into account that I will soon part with 450k on a two bedroom apartment in Otford I would like to have a conversation with the conveyancer regarding thehome move before giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be happy to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your property ownership legalities in Otford.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Otford should be the figure that you end up paying.
We are 14 days into a leasehold purchase having been recommend to solicitors by the high street agent to perform conveyancing in Otford. I am am very frustrated with the level of service. Could you help me find new lawyers?
A lawyer would have to be very poor to suggest changing them. Has the loan offer been generated? In the event that it has you need to inform them of the new lawyer and get the mortgage documents are issued to the new lawyers. Your conveyancer needs to be on the banks panel to avoid supplemental charges and complications. So that should be your starting point. The search tool will assist you in finding a bank approved conveyancer for your conveyancing in Otford