I am assisting my sister sell her property in Otford. Does the conveyancer order an EPC or should I organise this?
After the abolition of Home Information Packs, energy performance certificates was left as a required component of selling a house. An EPC needs to be to hand in advance of the property being advertised. This is not as aspect of the sale process that solicitors ordinarily organise. Where you are instructing a Otford conveyancing lawyer they may be willing to arrange EPC’s given their relationships with long established Otford energy assessors
I am currently in the process of buying my council flat in Otford. I have a mortgage offer with Nottingham. 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 Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
Principality have agreed my home loan in principle, my bid on a apartment in Otford has been agreed to, now what?
Your property agent will wish to know who your solicitors are (ensure that the lawyers are on the bank’s panel). Telephone Principality or your broker and complete any relevant paperwork. Principality will instruct a valuer who will get in touch with the estate agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Principality will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Otford.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial premises in Otford?
Its becoming the norm that commercial conveyancing solicitors in Otford will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Otford. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Otford.
For each commercial conveyancing transaction in Otford it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Otford commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Otford.
I used Action Conveyancing a few years past for my conveyancing in Otford. I now require my papers however cannot find the solicitor. What do I do?
You should call 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 Otford of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Otford benefiting from help to buy. The developers would not move on the amount so I negotiated £7000 of extras instead. The property agent told me not disclose to my conveyancer about the deal as it may put at risk my loan with Bank of Scotland. 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.
Am I better off to use a Otford conveyancing practitioner based in the area that I am hoping to buy? We have a good friend who can perform the legal formalities however his firm is located 200kilometers drive away.
The primary upside of using a local Otford conveyancing firm is that you can drop in to sign documents, deliver your identification documents and pester them where appropriate. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and on the whole were impressed that must outweigh using an unknown Otford conveyancing lawyer solely due to them being local.
Last November I purchased a leasehold house in Otford. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a leasehold flat in Otford, conveyancing was carried out 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Otford with over 90 years remaining are worth £211,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2093
With just 68 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.