I am buying a house mortgage free in Bexley. I have been living for the previous twelve years in Bexley. Conveyancing searches are exorbitant. Given that I know the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Bexley conveyancing searches are non-obligatory. Your lawyer will try and steer you, no-doubt strongly, that you should have searches done, but she is duty bound to do this. One thing to take into account; if you are likely to sell the house at a future date, it will likely be be of interest to your future purchaser what the searches determine. On occasion properties with functional issues can still show up adverse search results. A competent conveyancing solicitor in Bexley will be able to give you some constructive advice here.
I own a freehold house in Bexley but nevertheless pay rent, why is this and what is this?
It is rare for properties in Bexley and has limited impact for conveyancing in Bexley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We are purchasing a apartment in Bexley. I might seem paranoid but how we can trust a lawyer? At some point we will need to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Lloyds panel solicitors in Bexley on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the CML or Building Society Association sites. Very few lending institutions make their panel listings open the public over the internet. Where you are seeking to appoint a Bexley conveyancing practitioner on the Lloyds please make the most of our tool.
After what feels like an age I have had an offer on a flat in Bexley agreed to, the owners do nevertheless have a tied purchase. The vendors have offered on a property, but it’s not yet agreed to, and are looking at other flats in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Bexley. What do I do now? At what point do I apply for the mortgage with Nationwide?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then survey, Bexley conveyancing search costs, etc). The first course of action is to ensure that your conveyancing practitioner is on the Nationwide approved list. Concerning the next phase this very much dictated by the uniqueness of your case, attraction to the property and on the state of the market. In a buoyant market the majority of buyers will apply for the mortgage with Nationwide and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with searches.
How does conveyancing in Bexley differ for new build properties?
Most buyers of new build property in Bexley come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Bexley tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bexley or who has acted in the same development.
As co-executor for the will of my aunt I am disposing of a property in Newport but reside in Bexley. My solicitor (who is 235 kilometers awayhas requested that I execute a statutory declaration before completion. Could you suggest a conveyancing solicitor in Bexley who can attest this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Bexley based
Can you offer any advice when it comes to appointing a Bexley conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Bexley conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Bexley conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
If they are not ALEP accredited then why not? How experienced is the firm with lease extension legislation?
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Bexley conveyancing firm to assist?
Absolutely. We can put you in touch with a Bexley conveyancing firm who can help.
An example of a Lease Extension case for a Bexley premises is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.