Having been referred to your service we were going to go ahead with a conveyancing solicitor in Ottershaw recommended on your site but stumbled across alternative quotes via the web look cheaper – why is this?
There are numerous conveyancing outfits offering what appear to be very low prices. Our recommendation is to think twice as to how important this transaction is to you that want to take 'cheap' risks concerning the quality of the legal work. Many of them highlight a bargain fee as a headline but hide extra charges in the small print..
Our solicitor has identified a a legal deficiency with the lease for the property we are purchasing in Ottershaw. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will pay for it. Our lawyer has advised that he must ensure that the mortgage company is happy with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Why do I have to pay up front for conveyancing in Ottershaw?
If you are buying a property in Ottershaw your lawyer will request that you to provide them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is payable against the purchase price then this should be needed immediately in advance of exchange of contracts. Any further balance that is due should be transferred shortly before completion.
I completed on my flat on 4 May and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Ottershaw advises it would be registered in a couple of weeks. Are properties in Ottershaw uniquely lengthy to register?
As far as conveyancing in Ottershaw registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can differ subject to the party submitting the application, whether it is in order and whether the Land registry must send notices to any other parties. Currently approximately three quarters of submission are fully addressed in less than three weeks but some can be subject to longer hold-ups. Historically registration is effected once the purchaser is living at the premises so registration formalities is not usually primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
What does commercial conveyancing in Ottershaw cover?
Ottershaw conveyancing for business premises covers a broad range of guidance, supplied by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Please can you recommend a lawyer for buying a house? Ideally someone in the Ottershaw area, who will contact me via email - not someone who insists on a letter in the post or fax.
LenderPanel.com is restricted to being a directory service for property lawyers who wish to be listed as being on the approved conveyancing panel for UBS in certain locations such as Ottershaw . We dont recommend any specific solicitor.