Me and my partner are soon to exchange buying a property in Otford but as a consequence of damage from some water damage at the property I have managed to agree recompense from the vendor in the sum of £2k taking the form of a reduction in the price. This was going to be addressed as part of the conveyancing process however Yorkshire BS are not allowing this. Should they have been notified?
Your conveyancing practitioner being on a Yorkshire BS approved list is duty bound to advise Yorkshire BS of any variations to the sale price. If you prohibit your conveyancer to disclose the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new property lawyer for your conveyancing in Otford.
Are the Otford conveyancing solicitors identified as being on the Yorkshire BS conveyancing panel, together with their details provided by Yorkshire BS?
Otford conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
I am purchasing a semi-detached house in Otford. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Otford you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Otford.
We are aiming to move property in June. Should my conveyancing solicitor liaise with the removal company on the completion day. As an aside, can you recommend a removal company in Otford. Conveyancing lawyer was found before I stumbled across your website.
On the day of completion you will need to pick up the keys from your estate agent however this should only happen when the previous owners lawyers inform the agent that they have the completion monies and the keys can be passed over. You should tell the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can help you locate a residential property solicitor in Otford or a firm with expertise in conveyancing in Otford.
I was told two weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Otford is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have instructed a Otford conveyancer having made sure that they are on the Nationwide conveyancing panel. Does my lawyer arrange the survey of the property?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Otford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
The estate agent has sent us the confirmation of our purchase of a new build flat in Otford. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Otford
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I decided to have a survey done on a property in Otford prior to retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks may refuse to issue a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Otford. Conveyancing may be slightly more expensive based on your lender's requirements.