Our solicitor has identified a a legal deficiency with the lease for the apartment we are buying in Brockley. The seller’s lawyers have offered defective title insurance as a solution. We are happy with insurance and will pay for it. Our property lawyer says that he must ensure that the mortgage company is willing to move forward with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. The appropriate lender conditions have to be complied with.
Our mortgage company has recommended solicitors on their panel based in Brockley but I would rather use a conveyancing lawyer in Brockley or nearer to where I live. Can you help?
Not all Brockley conveyancing firms are approved and listed on all banks conveyancing panel. Do make use of our search tool to choose a Brockley conveyancing solicitor on the on the lender panel.
Have just purchased a repossessed house at auction in Brockley. Conveyancing is required. What is next?
Having to in every practical sense signed on the dotted line you should instruct a conveyancing practitioner soon as you are facing a fast approaching a drop dead date to complete the deal. All auction property will ordinarily have a bespoke legal pack. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You need to pass this on to the lawyer instructed by you ASAP. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
Forgive me if this question is silly but I am unseasoned as a 1st time buyer of a garden flat in Brockley. Do I pick up the keys to the property on completion from my lawyer? If this is the case, I will appoint a local conveyancing solicitor in Brockley?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
We have a mortgage agreed in principle with Bank of Ireland. Brockley conveyancing practitioners have been selected. How long does it take for Bank of Ireland to send the offer to the solicitor?
There is no definitive answer here. Have Bank of Ireland conducted the valuation? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in Brockley?
Unless a previous acquisition of the house completed after 12 October 2013 you can assume that lawyers delivering conveyancing in Brockley to remain encouraging a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified during conveyancing in Brockley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Brockley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My business partner and I are hoping to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering no-move-no costs for non-domestic conveyancing in Brockley for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Brockley, including the sale and acquisition of businesses as well as simply premises. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your contact information or phone us so that we may supply you with a fixed commercial conveyancing calculation.