I can't travel far from Bermondsey. What is the rationale as to why all Bermondsey lawyers aren't automatically on all lender panels?
As inequitable as it may seem for lenders to limit who can act for them, from the public’s or solicitor’s perspective, the other side of the coin is that lending institutions are increasingly anxious and regard it crucial to defend themselves from illegal activities. As a result of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
I have given 8 weeks notice to my current landlord and have to leave my let out property in Bermondsey by 16/6/2025. Conveyancing on my purchase has just started. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
Generally one should not provide notice on a rental unless you have exchanged. Assuming that you have not previously done so, update to your solicitor and ask them to they seek the assistance the other lawyers, try to a target completion date that all parties will look towards
We are looking to buy a property and need a conveyancing solicitor in Bermondsey who is on the Clydesdale approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Bermondsey.
We are due to move home in July. Should my conveyancing solicitor call the removal company on the completion day. Incidentally, can you suggest a removal company in Bermondsey. Conveyancing lawyer was chosen prior to coming across your page.
On the day of completion you can collect the house keys from the estate agent however this should only occur when the previous owners lawyers advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. You can advise the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can help you choose a residential property solicitor in Bermondsey or a solicitor with expertise in conveyancing in Bermondsey.
I am the sole beneficiary of my late father’s will and I have everything in my name alone, including the my former home in Bermondsey. The Bermondsey property was put into my name in April. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership may be considered the same way as though I had purchased the property in April. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. How practical a view mortgage companies take of it, depend on the bank as this requirement is principally there to pick up on subsales or the quick reselling of property.
I have a mortgage with Co-operative for my property in Bermondsey. 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 buy-to-let mortgage or inform Co-operative?
You must advise Co-operative prior to letting out your property as this is likely to be a breach of Co-operative’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 Co-operative directly. You need not do this via a Co-operative conveyancing panel firm.
I used Stirling Law several years ago for my conveyancing in Bermondsey. Now, I need the files however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bermondsey of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Having checked my lease I have discovered that there are only 72 years remaining on my lease in Bermondsey. I am keen to extend my lease but my freeholder is absent. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have used your best endeavours to find the landlord. For most situations a specialist would be useful to conduct investigations and prepare an expert document to be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Bermondsey.
I am the registered owner of a second floor flat in Bermondsey. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the price payable.
An example of a Freehold Enfranchisement decision for a Bermondsey property is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired term as at the valuation date was 107 years.