How do I find the right lawyer who can give a first class service for my conveyancing in Bermondsey?
Option 1 is to ask your friends and family who they would recommend.
Option 2 is to use a comparison service on the internet for conveyancing in Bermondsey. Telephone two or three from the list and invite them to email you their conveyancing estimate and discuss your needs with the solicitor who will handle your legal process ahead ofcommitting.
Option 3 is to use this site to assist you in finding the right lawyers for you based on your own factors including location,speed, complexity and who your intended mortgage company is. Don't take the bait of £99 conveyancing in Bermondsey
I am acquiring a house for cash in Bermondsey. I have resided for the last twelve years in Bermondsey. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road intimately must I have all the conveyancing searches?
If you not getting a home loan, then almost all of the Bermondsey conveyancing searches are at your discretion. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches done, but he is duty bound to do this. One thing to bear in mind; if you are intend to sell the house in the future, it will be of relevance to your future purchaser what the searches determine. On occasion houses with apparent issues can still reveal unfavourable search results. A good conveyancing solicitor in Bermondsey will provide you some helpful advice here.
I am purchasing my first flat in Bermondsey with a loan from TSB. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not disclose to my lawyer about this side-deal as it may jeopardize my mortgage with the bank. Is this normal?.
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.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Bermondsey I like with a park and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Bermondsey in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the shortness of the lease will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
My husband and I are 14 days into a residential purchase having been recommend to conveyancers by the selling agent to handle our conveyancing in Bermondsey. We are not happy. Could you help me find new solicitors?
They would need to be really poor in order to consider diss instructing them. Has the mortgage offer been sent? In the event that it has you need to advise them of the replacement conveyancer and ensure the loan are re-sent. Your new solicitor ideally needs to be on the lenders approved list to avoid escalating expenses and frustration. So that should be your starting point. Our find a solicitor tool should help you find a bank approved solicitor for your conveyancing in Bermondsey
I am employed by a reputable estate agent office in Bermondsey where we have experienced a few flat sales jeopardised as a result of short leases. I have been given inconsistent advice from local Bermondsey conveyancing solicitors. Could you clarify whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a ground 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?
Where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Freehold Enfranchisement matter before the tribunal 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 lease term was 107 years.