We were about to instruct a conveyancing solicitor in Ottershaw recommended on your site but stumbled across some other fee calculations via the web look less pricey – how come?
One can find many firms of solicitors advertising at first sight what seems to be cut price. You should give due consideration about how important this transaction is to you that want to take 'cheap' risks concerning the quality of the conveyancing. Many of them accentuate a bargain quote to grab your attention but plant supplemental costs in the small print..
My nephew is in the process of securing a house that has just been built in Ottershaw with a mortgage from Nationwide. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nationwide conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do all mortgage companies provide you with an approved list of Ottershaw conveyancing solicitors? How do you know who is on the RBS conveyancing panel?
Ottershaw conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
How does conveyancing in Ottershaw differ for new build properties?
Most buyers of new build or newly converted property in Ottershaw contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Ottershaw usually buy the site, 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 property lawyers 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 accustomed to new build conveyancing in Ottershaw or who has acted in the same development.
Should I appoint a Ottershaw conveyancing lawyer based in the area that I am purchasing? An old friend can perform the conveyancing but his firm is located 400kilometers away.
The primary upside of using a local Ottershaw conveyancing practice is that you can drop in to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that should outweigh using an unfamiliar Ottershaw conveyancing lawyer solely due to them being based in the area.
I own a leasehold house in Ottershaw. Conveyancing and Leeds Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Ottershaw who acted for me is not around. What should I do?
The first thing you should do is make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Ottershaw conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a garden flat in Ottershaw, conveyancing having been completed in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Ottershaw with over 90 years remaining are worth £186,000. The ground rent is £55 yearly. The lease finishes on 21st October 2078
With just 53 years left to run the likely cost is going to range between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.