It has taken forever and a day but a loan agreement from NatWest for the remortgage of my 4 bedroom apartment is expected any day now. Could you propose a cheap conveyancing solicitor in Bermondsey?
You have arrived at the wrong place to search for the lowest fares for conveyancing in Bermondsey. We can offer you affordable conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers offering low cost conveyancing in Bermondsey. Optimistically, in being led by cheap conveyancing, you will get your money’s worth and at worst you will end up being stung for additional fees and still not end up with the service you were looking for.
Completed the sale of my flat in Bermondsey last January yet the purchaser is texting every few hours complaining that their solicitor needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your house sale your lawyer should send the transfer deeds and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer must also confirm that the home loan has been paid off to the purchasers conveyancers. There are no post completion procedures unique to conveyancing in Bermondsey.
I have recentlybecome aware that Wolstenholmes have been shut down. They carried out my conveyancing in Bermondsey for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest method to see if the premises 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 Bermondsey conveyancing specialists.
Just had an offer accepted on a new build apartment in Bermondsey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Bermondsey
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I'm remortgaging my current house to a buy to let loan with Barnsley Building Society and intend to use the remaining equity towards further house. The area we are talking about is Bermondsey. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Do use our search tool on this site to be sure that the solicitors are approved by both mortgage companies. On the basis that they are your conveyancer should be able to connect the two deals but you should talk with you lawyer and make apparent your desired outcome and needs.
I am tempted by the attractive purchase price for a two maisonettes in Bermondsey which have in the region of forty five years left on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Bermondsey is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most purchasers and banks, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bermondsey conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Bermondsey conveyancing firm to help?
Most definitely. We are happy to put you in touch with a Bermondsey conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Bermondsey property is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired term was 107 years.