I have given 2 months notice to my current landlord and must vacate my rented apartment in Bromley by 5/9/2024. Conveyancing on my purchase has just started. Is it possible to complete in six weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to give notice on a rental until you have exchanged. If you have not previously done so, update to your solicitor and ask them to they chase the sellers solicitors, try to a target completion date that all parties will aim towards
If you had a top tip for choosing a conveyancing solicitor in Bromley what would it be?
It would be unwise to be swayed by the cheapest Bromley conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Forgive me if this question is silly but I am unexperienced as a 1st time buyer of a two bedroom flat in Bromley. Do I collect the keys to the premises on the completion date from my conveyancer? If so, I will instruct a local conveyancing solicitor in Bromley?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's conveyancers, and once they have received this, you should be invited to collect the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.
I have decided to exercise my right to buy my property in Bromley off the council. I have a mortgage agreed with Yorkshire BS. 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 Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Bromley for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bromley conveyancing specialists.
I'm purchasing a new build house in Bromley with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of additionals instead. The sale representative told me not disclose to my solicitor about this deal as it will put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I’m about to sell my 2 bed apartment in Bromley. Conveyancing is yet to be initiated, but I have just had a quarterly maintenance charge demand – what should I do?
The sensible thing to do is discharge the maintenance contribution as normal as all rents and service charges will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have given up trying to purchase the freehold in Bromley. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Bromley conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Bromley premises is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268
How much will conveyancing in Bromley cost?
The total sum charged for conveyancing in Bromley will vary dramatically from company to company. In the circumstances it especially critical for you to find this out before you appoint a lawyer. You should also consider asking a few fee estimate.