We are purchasing a 1 bedroom apartment in Bromley with a mortgage. We would like to retain our Bromley solicitor, but the bank advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or retain our Bromley property lawyer as well as pay for one of their panel lawyers to act for them. This seems very unfair; are we not able to require that the bank use our Bromley lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Bromley conveyancing lawyer to apply to be on the conveyancing panel.
I am looking to buy a flat and require a conveyancing solicitor in Bromley who is on the Bank of Ireland approved. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Bank of Ireland in certain locations such as Bromley. We dont recommend any particular firm.
Various web forums that I have visited warn that are the primary cause of stalling in Bromley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Bromley.
I have todaydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Bromley for a purchase of a leasehold flat 18 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest way to check 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.
In sourcing the web for the phrase on line conveyancing in Bromley it reveals numerous conveyancersin the area. With so much choice what is the best way to find the right conveyancing solicitor for me?
The ideal way of choosing the right conveyancer is via trusted recommendation, so seek the opinion of colleagues and family who have bought a property in Bromley or the respected estate agent or financial adviser. Charges for conveyancing in Bromley vary, so it's a good idea to secure at least three fee estimates from different property lawyers. Dont forget to clarify that the charges are assured not to escalate.
I am looking at a two maisonettes in Bromley both have in the region of 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Bromley. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
We have reached the end of our tether in trying to purchase the freehold in Bromley. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing landlord or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to decide the sum to be paid.
An example of a Lease Extension case for a Bromley flat 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 related to 1 flat. The remaining number of years on the lease was 72 years.