I am soon to complete on the purchase of a house in Bermondsey but as a result of damage from a small fire at the property I have was able negotiate compensation from the current proprietors of £2k taking the form of a reduction in the price. This was going to be addressed as part of the conveyancing process but RBS will not permit this. Should they have been approached?
The solicitor that is on a RBS approved list is duty bound to inform RBS of any variations to the purchase price. If you were to refuse your property lawyer to notify the reduction to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new property lawyer for your conveyancing in Bermondsey.
I am the registered owner of a freehold premises in Bermondsey but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Bermondsey and has limited impact for conveyancing in Bermondsey but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I need some expedited conveyancing in Bermondsey as I am under pressure to complete within 3 weeks. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are are a mortgage free buyer you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Bermondsey the following are instances of what can arise and adversely impact future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Just had an offer accepted on a new build flat in Bermondsey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Bermondsey
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
I decided to have a survey done on a house in Bermondsey in advance of retaining conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may not give a loan on such a property.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bermondsey. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my grandmother I am disposing of a residence in Cardiff but live in Bermondsey. My lawyer (approximately 300 kilometers from mehas requested that I sign a statutory declaration before completion. Could you suggest a conveyancing practitioner in Bermondsey who can attest this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are Bermondsey based