What is the first thing I need to know regarding purchase conveyancing in Bermondsey?
Not many law firms shout this from the rooftops but conveyancing in Bermondsey or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the ownership transfer. E.g., the seller, estate agent and even potentially the mortgage company. Selecting a law firm for your conveyancing in Bermondsey is a critical decision as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to protect your legal interests and to keep you safe.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you your first instinct should be to trust your conveyancer ahead of all other parties in the home moving process.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would prefer to use a specialised conveyancing solicitor in Bermondsey?
You should check but the chances are that allocate you one of their panel lawyers where you accept the "fee-free" deal. Speak to the bank to determine if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Bermondsey.
Various internet forums that I have frequented warn that are the main cause of delay in Bermondsey conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Bermondsey.
Are there restrictive covenants that are commonly picked up during conveyancing in Bermondsey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bermondsey. 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…’
Due to the guidance of my in-laws I had a survey completed on a house in Bermondsey ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders will not give a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bermondsey. Conveyancing may be slightly more expensive based on your lender's requirements.
What is the difference between surveying and conveyancing in Bermondsey?
Conveyancing - in Bermondsey or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to remedy the problems before you complete your move.