I am buying a property without a mortgage in Mottingham. I have resided for the previous 15 years in Mottingham. Conveyancing searches are expensive. Given that I know the area and road intimately must I have all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Mottingham conveyancing searches are non-obligatory. Your solicitor will ’encourage you, perhaps strongly, that you should have searches completed, but she is duty bound to take that path of guidance. Do consider; if you are intend to sell the house in the future, it will be of importance to your prospective purchaser what the searches disclose. Sometimes houses with day to day issues can still show up negative search results. A competent conveyancing solicitor in Mottingham should provide you some practical guidance in this regard.
Are there restrictive covenants that are commonly picked up during conveyancing in Mottingham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Mottingham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey carried out on a house in Mottingham in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some lenders will refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Mottingham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mottingham to see if the conveyancing will be more expensive.
Do I need to be wary by brokers that I am dealing with are suggesting an internet conveyancing firm as opposed to a High Street Mottingham conveyancing firm?
As is the case with many service providers, often suggestions from relatives can be most helpful. But there are lots of parties with a keen interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may recommend conveyancers to select. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the recommendation. You are at liberty to select your preferred lawyer. You need to be aware that most mortgage providers specify a panel list of solicitors you must use for the lender aspect of your conveyancing.
What could I expect to pay for conveyancing in Mottingham?
Almost all Mottingham conveyancing firms will charge a set fee. Where further work become due during the transaction your conveyancing practitioner should inform you in writing of such supplemental costs for such work as soon as it becomes foreseeable. Some work on a no completion no fee principle, others will levy an bill for a proportion of the set charges, according to the stage at which the deal fails.
It is advisable to obtain various practices to give you an estimate.