It is a dozen years since I bought my property in Ottershaw. Conveyancing solicitors have now been appointed on the sale but I can't locate my title documents. Is this a problem?
Don’t worry too much. Firstly the deeds may be retained by your mortgage company or they could be in the possession of the conveyancers who oversaw the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Ottershaw relates to registered property but in the unlikely event that your home is not registered it is more tricky but is not insurmountable.
My wife and I have organised a further advance on our home loan from TSB as we want to carry out improvements to our home in Ottershaw. Are we obliged to select a nearby Ottershaw solicitor on the TSB conveyancing panel to handle the paperwork?
TSB do not ordinarily appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB conveyancing panel.
I currently have a mortgage with HSBC for my property in Ottershaw. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
Your original mortgage agreement with HSBC will provide that you need their approval in advance of letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. You need not do this via a HSBC conveyancing panel lawyer.
The formalities of my remortgage has taken place for my property in Ottershaw. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a property in Ottershaw?
Unless a prior acquisition of the premises took place after 12 October 2013 you may expect solicitors handling conveyancing in Ottershaw to continue to suggest a chancel search and or chancel repair liability policy.
I'm buying a new build house in Ottershaw with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not inform my solicitor about this extras as it would put at risk my loan with Britannia. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am selling my home. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Ottershaw if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Ottershaw. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.