I am in the throes of changing my current homeowner loan to a BTL Platform Home Loans Ltd mortgage. I have been informed by my broker that I must appoint a lawyer as part of the process. I got in contact with the same Mottingham conveyancing firm who who completed the conveyancing when I initially acquired the property. The quote issued of £500 has shocked me as its a refinance than a sale or purchase.
The quote is slightly on the high side. Where you are happy to expend time scrutinising prices you might trim some of the expense by as much as £125. That being said, if you were happy with the service the firm offered you maylive to regret choosing an a cheaper solicitor. Don't forget to check the firm can act for Platform Home Loans Ltd. Do make use of our search tool to choose a Mottingham conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Mottingham.
All was ready to complete my purchase in Mottingham next Monday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the lender expect the insurance to cover?
Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not specific to conveyancing in Mottingham.
A relative suggested that if I am purchasing in Mottingham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Mottingham conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Mottingham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Mottingham.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who did the conveyancing in Mottingham 10 years ago have long since closed. Will I be able to sell the house?
Nowadays there are duplicates made of almost everything, and your solicitor should know exactly where to find all the appropriate documentation so you can buy or sell your house without any difficulty. If copies can’t be found, your solicitor may be able to put in place insurance or indemnities protecting you against future claims on the premises.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Mottingham is where the house is located. Can you offer any opinion?
Flying freeholds in Mottingham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Mottingham you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mottingham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.