Willappointing a Bromley conveyancing solicitor make my purchase more efficient?
Established third party relationships are another important factor to consider when choosing conveyancing solicitors. Bromley law firms enjoy connections with lenders and agents, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much more straightforward for you. Possessing a sound knowledge of the local area is also a plus .
About to place a bid on a leasehold flat in Bromley. The estate agents tell me that it is standard for flats in Bromley to have less than 75 years remaining. I am obtaining a loan with Chelsea Building Society. Will the property be mortgageable given that the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 29/2/2024 the requirements read as follows :
A colleague pointed out to me me that in purchasing a property in Bromley there could be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
There are anumerous of properties in Bromley which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Bromley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm at the point of looking at houses in Bromley and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with HSBC.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are getting a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Bromley property lawyer on the Nationwide panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide 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 Nationwide mortgage from the register. Nationwide, 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 Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
I am selling our home in Bromley and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Bromley lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a factory type conveyancing firm as opposed to a conveyancing solicitor in Bromley. We have lived in Bromley for six years we know that this is a non issue. Do we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must 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)
I am purchasing a new build house in Bromley benefiting from help to buy. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about the extras as it would put at risk my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
How do I identify a Bromley law firm on the Chelsea Building Society conveyancing panel? I have a car and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the tool on this page. Please select a bank and your location and you will see a number of Bromley conveyancing lawyers based on proximity. We have detailed some Bromley conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Chelsea Building Society panel