I am purchasing a house without a mortgage in Ottershaw. I have lived for the last dozen years in Ottershaw. Conveyancing searches are expensive. As I have knowledge of the area and road intimately must I have all the conveyancing searches?
In the absence of a home loan, then all but one or two of the Ottershaw conveyancing searches are at your discretion. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches completed, but she has a professional duty to do this. One thing to bear in mind; if you are going to sell the house at a future date, it could be of interest to your future purchaser what the searches contain. There are plenty of instances where premises with day to day issues can still reveal detrimental search results. A competent conveyancing solicitor in Ottershaw will provide you some sensible advice concerning this.
We are buying a victorian detached house in Ottershaw. The intention is to carry out a loft conversion at the property.Will legal conveyancing on the property involve enquiries to determine if these works are allowed?
Your solicitor will review the deeds as conveyancing in Ottershaw will occasionally identify restrictions in the title documents which restrict certain changes or require the consent of another owner. Certain additions need local authority planning permissions and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these issues with a surveyor before you commit yourself to a purchase.
I am currently in the process of buying my council flat in Ottershaw. I have a mortgage agreed with Aldermore. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
I was told two weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Ottershaw is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Wolstenholmes several years ago for my conveyancing in Ottershaw. I now require my papers but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ottershaw of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Ottershaw with a loan from Clydesdale. The sellers would not reduce the price so I negotiated 6k of additionals instead. The house builders rep told me not reveal to my conveyancer about this deal as it could adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have just appointed agents to market my garden apartment in Ottershaw. Conveyancing solicitors are to be appointed soon, but I have recently received a half-yearly service charge demand – Do I pay up?
The sensible thing to do is discharge the service charge as normal as all rents and service charges will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a studio flat in Ottershaw, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Ottershaw with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2076
With 51 years remaining on your lease we estimate the price of your lease extension to be between £30,400 and £35,200 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
We are looking to purchase a repression house in Ottershaw and the vendor demand completion within a week. Can a conveyancer complete in this timeframe? Am I best advised to select a high street Ottershaw firm or an online organisation that advertises to complete quickly?
Visit your Ottershaw shopping parade. Pop in to 3 companies and request to see a conveyancing solicitor for an estimate. Set out your needs and seek assurances on deadlines. Appoint the one that comes across as most genuine. Be sure to select a solicitor on the panel of conveyancing practitioners who can act for your bank.