I am in the throes of swapping over from my current homeowner mortgage to a BTL Godiva Mortgages Ltd mortgage. I was told by my financial advisor that I require a conveyancer as part of the process. I got in contact with my former Otford conveyancing solicitor who acted on my behalf when I originally purchased the property. The fee estimate issued of £550 has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The charges seem a tad high. Where you are willing to spend time contrasting costs you could get the conveyancing a bit cheaper by say £100 plus VAT. That being said, providing that you were content with the conveyancing the firm provided you maycome to rue choosing an a cheaper solicitor. If is important to ensure that the solicitor can act for Godiva Mortgages Ltd. Do use our search tool to get a quote a Otford conveyancing firm on the Godiva Mortgages Ltd member panel, which can often include conveyancing solicitors in Otford.
Is there a reason why leasehold purchase conveyancing in Otford is more expensive?
The conveyancing costs for a leasehold property in Otford is often higher when contrasted to a freehold residence. This is because there is an amount of supplemental time required in communicating with the landlord and management company to collate the evidence concerning whether the rent and maintenance fee have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
How does conveyancing in Otford differ for newly converted properties?
Most buyers of new build residence in Otford come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Otford typically purchase 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 conveyancing solicitors 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.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Otford is where the house is located. Can you offer any opinion?
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 thoroughly. Your mortgage company 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 residence.
How do I use the search facility to get a fee calculation from a conveyancing solicitor in Otford on the authorised to act for my bank?
First choose a mortgage company such as Yorkshire Building Society, The Mortgage Works or Nottingham Building Society then type in your preferred area for instance Otford. Conveyancing organisations in Otford and beyond should be identified.
On the look out for a conveyancing solicitor in Otford. I thought I had one sorted but they are not on the panel for Co-operative. It seems that nowadays most lenders only allow conveyancers on their panel. Very frustrating restricting the choice for the paying public. Can you recommend a trustworthy Otford solicitor that can help us as well as represent Co-operative?
The purpose of this site is restricted to being a directory service for lawyers who wish to be listed as being on the approved conveyancing panel for Co-operative in certain locations such as Otford . We dont recommend any particular solicitor.