I was recommended to a conveyancer who has given a fee estimate £1350 for no sale no fee conveyancing in Bermondsey. I’m hoping to sell a modern house for £200,000. Are these estimated fees excessive? Is it in excess of the average fee for conveyancing in Bermondsey?
The charges are a little high. Where you are willing to spend time scrutinising costs you may be able to trim some of the cost by perhaps £125. That being said, you mightlive to regret opting for an an unknown lawyer. Remember to check that the solicitor can also act for your mortgage company. Do employ our search tool to get a quote a Bermondsey conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Bermondsey.
I know that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a property in Bermondsey? or I am told that there is historic law that means some owners of property residing in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this a legitimate concern for conveyancing in Bermondsey?
Unless a previous acquisition of the house took place post 12 October 2013 you may expect solicitors carrying out conveyancing in Bermondsey to continue to suggest a chancel search and or chancel repair liability policy.
I'm purchasing a new build house in Bermondsey with the aid of help to buy. The sellers would not move on the price so I negotiated 6k of extras instead. The property agent suggested that I not to tell my conveyancer about the extras as it may adversely affect 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.
I opted to have a survey carried out on a property in Bermondsey ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend refuse to grant a loan on such a house.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bermondsey. Conveyancing will be smoother if you use a solicitor in Bermondsey especially if they are acquainted with such properties in Bermondsey.
We're new to the buying process - agreed a price, but the selling agent told us that the owners will only move forward if we appoint the agent's recommended solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Bermondsey
We suspect that the owner is not behind this ultimatum. Should the owner desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are serious buyers (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you are going to use your own,trusted Bermondsey conveyancing firm - not the ones that will provide the estate agent a introducer fee or achieve conveyancing figures set by HQ.
Looking forward to complete next month on a basement flat in Bermondsey. Conveyancing solicitors have said that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bermondsey should include some of the following:
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You should know if the lease permits you to alter or upgrade aspects of the premises- you must know whether any restrictions relates to all alterations or limited to structural alteration, and whether licences for alterations is mandated necessary Who has the liability for maintaining the window frames What options are available to the landlord where you are in breach of your lease terms? Advice as to the provision in the lease to to contribute towards maintenance costs - with regard to both the building, and the more general rights a leaseholder enjoys Whether your lease caters for for a sinking account for major works?
I own a two-bedroom flat in Bermondsey. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Most definitely. We are happy to put you in touch with a Bermondsey conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Bermondsey residence 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 related to 41 flats. The unexpired lease term was 107 years.
