Will my conveyancing lawyers need to check that the building insurance when buying a house in Brockley. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/5/2023, the requirements read as follows :
Me and my partner are purchasing a flat in Brockley. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to put money into their account. What is the protection we have from them run away with our monies?
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.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Brockley?
There are many registered licenced Conveyancers in Brockley and Solicitor partnerships in Brockley offering conveyancing We would stress that the two are regulated professionals specialising in the legal aspects of transferring property. They may both also deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am currently in the process of buying my council flat in Brockley. I have a mortgage agreed with Barclays. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
My wife and I are intent on selling our house in Brockley and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Brockley lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using an online conveyancing firm rather than a conveyancing solicitor in Brockley. Having lived in Brockley for six years we know of no issue. Is it a good idea to contact our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Brockley differ for newly converted properties?
Most buyers of new build or newly converted property in Brockley come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Brockley tend to buy the real estate, 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 property lawyers 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 Brockley or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Brockley is where the house is located. Is there any guidance you can give?
Flying freeholds in Brockley are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brockley you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brockley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Me and my partner are first time buyers just having agreed a price on a property in Brockley, and need to get solicitors appointed. We have utilised the numerous rating tools and the results are from all over the country. Is it necessary to have a Brockley conveyancer local to our potential new home? I am happy to do all the communicating electronically, but I guess at some point we may need to attend the conveyancer's office to sign documents?
The property lawyer does not have to be in Brockley, but opting for local means that you can go in if required, by way of example, if a signature is needed urgently. Also, a Brockley solicitor have established relationships with local agents and (if the vendor has instructed a local conveyancing practitioner) with them, which will help smooth the process.