I am selling our house in Bromley and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Bromley conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed an internet conveyancing practice rather than a conveyancing solicitor in Bromley. Having lived in Bromley for six years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should 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 health insurance to cover that same illness)
How does conveyancing in Bromley differ for newly converted properties?
Most buyers of new build or newly converted property in Bromley approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Bromley tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Bromley or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and found one near me in Bromley I like with open areas and transport links in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Bromley suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
How do I identify a Bromley solicitor on the Nationwide Building Society conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the lawyer.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Bromley conveyancing lawyers located nearest you. We have detailed some Bromley conveyancing firms at the bottom of this page and you can call them to check if they are on the Nationwide Building Society panel
What are your top tips when it comes to choosing a Bromley conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Bromley conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Bromley conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
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What are the legal fees for lease extension work? How experienced is the practice with lease extension legislation?
I inherited a ground floor flat in Bromley. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
Absolutely. We are happy to put you in touch with a Bromley conveyancing firm who can help.
An example of a Lease Extension decision for a Bromley premises is 70 Andace Park Gardens 133-149 Widmore Road in November 2013. Tribunal determined that the premium payable for the lease extension was £10,052 This case was in relation to 1 flat. The unexpired lease term was 72 years.
Are all Bromley solicitors on every bank conveyancing panel?
You can use our search tool or you can go into your local bank branch in Bromley. Chances are that they will be in a position to list some reputable conveyancing solicitors in Bromley