is it true that all Bromley Common solicitors on the UBS conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS conveyancing panel they would need to be regulated by the SRA. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the practice would be governed by the Council of Licensed Conveyancers.
Planning on purchasing a flat in Bromley Common. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Bromley Common property lawyer is on the Leeds Building Society conveyancing panel.
UBS have agreed my mortgage in principle, my offer on a property in Bromley Common has been agreed to, what happens next?
The estate agent will need to be advised as to your solicitor's details (ensure that the lawyers are on the lender’s panel). Telephone UBS or the financial adviser and complete any appropriate forms. UBS will instruct a valuer who will get in contact with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. UBS will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bromley Common.
I am purchasing a new build house in Bromley Common with the aid of help to buy. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The estate agent advised me not reveal to my solicitor about this side-deal as it would jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the advice of my in-laws I had a survey completed on a house in Bromley Common before instructing solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend not issue a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bromley Common. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for some conveyancing in Bromley Common. I happened to discover a site which seems to have the ideal offering If there is a chance to get all the legals completed via email that would be preferable. Do I need to be wary? 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?
I am in need of some leasehold conveyancing in Bromley Common. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Bromley Common - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
My wife and I have hit a brick wall in trying to purchase the freehold in Bromley Common. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to decide the premium.
An example of a Lease Extension case for a Bromley Common property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The remaining number of years on the lease was 50.57 years.
I purchased a flat in Bromley Common last 28/2/2023 and to date it is still not recorded with the Land Registry. It was part of a new estate and my solicitor told me that it may take 12 months to complete the registration formalities. I have called HMLR directly and they have informed me the original application was cancelled due to failure to reply to requisitions. Do I need to be concerned?
It is your solicitor that you should contact in order to satisfy any concerns which have been raised as part of the registration process for your Bromley Common property. Normal Bromley Common conveyancing practice includes an undertaking on the part of the vendor’s conveyancing practitioner that they will help resolve any requisition raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.