Forgive me if this question is silly but I am unexperienced as FTB of a garden flat in Otley. Do I pick up the keys to the property on the completion date from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Otley?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you will be invited to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
I am expecting a DIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Otley solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Otley solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
My wife and I are spending time viewing flats in Otley and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Barclays.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are obtaining a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I note that there are debates on Chancel Insurance on online forums. Do I require this when purchasing a property in Otley? or Apparently there is an ancient law that means some owners of property living in a parish church boundary may be liable to pay for repairs towards the chancel within the church. Is this suitable for conveyancing in Otley?
Unless a previous acquisition of the house completed after 12 October 2013 you can assume that conveyancing practitioners handling conveyancing in Otley to remain recommending a chancel search and or insurance against a claim.
4 months have gone by since my purchase conveyancing in Otley took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 residence 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 Otley differ for newly converted properties?
Most buyers of new build or newly converted property in Otley approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Otley tend to acquire 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 conveyancers 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 Otley or who has acted in the same development.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Otley. I've land on a site which seems to have the ideal solution If it is possible to get all the legals done via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Looking forward to sign contracts shortly on a ground floor flat in Otley. Conveyancing lawyers inform me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Otley should include some of the following:
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Are you allowed to have a pet in the flat? You would want to be sent a copy of the lease Repair and maintenance of the premises Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? You should be told what constitutes a Nuisance as far as the lease is concerned
I acquired a split level flat in Otley, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Otley with a long lease are worth £202,000. The ground rent is £60 per annum. The lease terminates on 21st October 2082
You have 56 years remaining on your lease the likely cost is going to be between £29,500 and £34,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should 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.