Me and my partner are soon to complete buying a property in Otford but as a result of wreckage from some water damage at the property I have managed to agree reparation from the seller of £2k taking the form of a adjustment in the price. This was going to be addressed as part of the conveyancing process however will not agree to this. Why were they informed?
The that is on the approved list is obliged to advise of any changes to the sale price. If you prohibit your to report the reduction to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Otford.
We're in Otford, FTBs buying with a mortgage (lender is , and our solicitor is on the conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
3 months have gone by following my purchase conveyancing in Otford took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 premises 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.
I am looking for a leasehold apartment up to £235,500 and identified one close by in Otford I like with open areas and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Otford for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the remaining unexpired lease term may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I need to find a conveyancing solicitor for purchase conveyancing in Otford. I happened to land on a web site which looks to be the perfect offering If there is a chance to get all formalities completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
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?