I had intended to instruct a property lawyer in Otley for our house move. Our financial adviser has since notified us that our bank National Westminster Bank won't deal with them. Surely this is unduly restrictive?
A mortgage company will require a panel solicitor act for it. Borrowers are expected to bear the cost of this. Do use our search facility to choose a solicitor to carry conveyancing in Otley on the National Westminster Bank member panel.
I am aiming to move property in February. Will my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you recommend a removal company in Otley. Conveyancing lawyer was organised prior to coming across your website.
On the afternoon of completion you will need to pick up the house keys from the selling agent however this should only occur after the vendors lawyers inform the agent that the monies to complete are in and the keys can be passed over. After that you will need to tell the removal men that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can assist you in locating a residential property solicitor in Otley or a legal practice with expertise in conveyancing in Otley.
I have paid off my mortgage with Barclays. I assume I don't need a Otley conveyancing practitioner on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I am due to exchange contracts on my flat. I had a double glazing fitted in June 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Principality are being a right pain. The Otley solicitor who is on the Principality conveyancing panel is saying indemnity insurance will be fine but Principality are insisting on a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have todaydiscovered that Action Conveyancing have been shut down. They carried out my conveyancing in Otley for a purchase of a leasehold flat 18 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Otley conveyancing specialists.
I am looking for a leasehold apartment up to £195,000 and identified one round the corner in Otley I like with amenity areas and transport links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Otley for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Having had my offer accepted I require leasehold conveyancing in Otley. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Otley - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a leasehold flat in Otley, conveyancing was carried out June 1996. Can you work out an approximate cost of a lease extension? Corresponding properties in Otley with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease runs out on 21st October 2101
With 75 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus legals.
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 due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
My mother and father are unable to locate their Otley land registry title on the website. They recall that back in the 70’s when they bought the house there were complications with Otley not being recognised in some systems.
The vast majority of residences in Otley should be revealed. Have you attempted a search to simply the postcode. Ordinarily it will identify all the residences inside the postcode. Assuming the property is registered it will be there with a title number. Where they bought fifty years ago it's conceivable it may be unregistered. The address may still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title documentation which could be with your parent’s bank.