Me and my partner are buying a apartment in Brockley. I might seem paranoid but how we can trust a solicitor? At some point we will need to put money into their account. What protection do we have from them run away with our money?
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.
I am purchasing a property in Brockley. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Kent Reliance be concerned?
As you are obtaining a mortgage with Kent Reliance your lawyer must comply with the conveyancing requirements contained in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Kent Reliance where a lease fails to meet these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not isolated to Brockley.
We expect to receive a OIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Brockley solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Brockley solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
Due to the guidance of my in-laws I had a survey completed on a property in Brockley prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend not issue a loan on this type of premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brockley. Conveyancing will be smoother if you use a solicitor in Brockley especially if they are acquainted with such properties in Brockley.
Hoping to buy a property located in Brockley and I am already nervous. I couldn't find anything specific about Brockley. Conveyancing will be needed in due course but do you know about the Brockley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brockley. In the meantime here are some basic statistics that we found
I am 3 weeks into a residential purchase having been recommend to solicitors by the local agent to execute conveyancing in Brockley. I am am starting to be disappointed with the quality of service. Can you you assist me in finding new lawyers?
A solicitor would have to be very poor to suggest changing them. Has the mortgage offer been issued? If so you must make them aware of the new conveyancer and get the mortgage documents are re-issued. Your new solicitor ideally should be on the lenders approved list to avoid supplemental fees and frustration. That should be your starting point. Our search tool should assist you in finding a bank approved lawyer for your home move in Brockley
Can you provide any top tips for leasehold conveyancing in Brockley from the perspective of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Brockley can be avoided where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the buyers’ representatives. If you have carried out any alterations to the residence would they have required Landlord’s permission? Have you, for example installed wooden flooring? Most leases in Brockley state that internal structural alterations or installing wooden flooring necessitate a licence issued by the Landlord acquiescing to such works. Should you fail to have the paperwork in place do not communicate with the landlord without checking with your solicitor in the first instance. You may think that you are aware of the number of years remaining on your lease but it would be wise to verify this via your conveyancers. A purchaser's lawyer will not be happy to advise their client to to exchange contracts if the lease term is under 75 years. In the circumstances it is essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. A minority of Brockley leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. Many landlords or managing agents in Brockley levy fees for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management information sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Brockley.
Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Brockley. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Brockley conveyancing firm who can help.
An example of a Lease Extension case for a Brockley property is Flat b 14 Kemble Road in May 2014. The Tribunal assessed the value of the premium payable for the lease extension to be £9,761 This case related to 1 flat.
I own a leasehold flat in Brockley. Conveyancing was completed in 2009. I have been told that I mustn’t let the the remaining lease term to get too low. Is this right?
Brockley leasehold properties are for a prescribed period - often ninety nine years when they commenced. However many flats in Brockley were constructed or converted 35 or more years ago and so such leases now have under eighty years remaining. This may sound like plenty of time but Banks, Building Societies and other mortgage lenders tend to require leases to have a minimum of 75 years remaining to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are approaching eighty years. To enhance your property value you should be considering whether or not to extend your lease long before you come to sell it. Furthermore advantages to taking action before the lease hits eighty years as when the lease is less than 80 years the amount you have to pay to extend starts to increase.