The lawyer who dealt with my last purchase has sent a quote for £995 for leasehold conveyancing in Bermondsey. I’m hoping to sell a newly refurbished property for £300,000. This sounds too much. Is it in excess of the average fee for conveyancing in Bermondsey?
The charges are a tad high. If you are willing to spend time contrasting costs you could decrease the fees marginally by perhaps £100 plus VAT. On the other hand, you maylive to rue choosing an an untested conveyancer. Remember to be sure the conveyancer can act for your mortgage company. You can employ our search tool to choose a Bermondsey conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Bermondsey.
We see that you have a post code search directory identifying law firms on the RBS conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Bermondsey?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bermondsey.
I happen to be the sole recipient of my late grandmother’s estate and I have everything in my name now, including the my former home in Bermondsey. Conveyancing formalities meant that the Land Registry date was in April. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my proprietorship could be treated the same way as though I had purchased the property in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. many mortgage companies would take a practical view as this clause chiefly exists to capture the purchase and immediately sell or the quick reselling of property.
How can we tell if a Bermondsey conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Bermondsey seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your conveyancing.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Bermondsey conveyancing practitioner on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Bermondsey I like with amenity areas and railway links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Bermondsey for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the shortness of the lease may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Helen (my wife) and I may need to sub-let our Bermondsey basement flat temporarily due to a career opportunity. We instructed a Bermondsey conveyancing practice in 2003 but they have closed and we did not think at the time get any guidance as to whether the lease permits subletting. How do we find out?
A small minority of properties in Bermondsey do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Bermondsey conveyancing firm to help?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to calculate the amount due.
An example of a Freehold Enfranchisement decision 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 term as at the valuation date was 107 years.
A couple of months ago I was told by my bank that their panel solicitors work on no completion no charge basis for conveyancing in Bermondsey. My purchase aborted yet the conveyancers have invoiced for search fees! They are stating that the fees are independent!
Bermondsey conveyancing search charges are disbursements not legal costs as these are paid to independent parties.