My husband and I are buying a newly built flat in Bromley and my lawyer is informing me that she has to the lender to disclose incentives from the developer. I am on a tight deadline to exchange contracts and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
When reviewing consumer advice sites for an affordable solicitor in Bromley, many advise that I must use a CQS kitemarked lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home ownership transfers, trusted by some of the UK's biggest lenders. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). CQS is not a scheme offered by the Society for Licensed Conveyancers. Bromley is one of the numerous areas in England and Wales where there are Accredited lawyers.
three months have elapsed since my purchase conveyancing in Bromley took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bromley differ for new build properties?
Most buyers of new build residence in Bromley approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Bromley typically acquire the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Bromley or who has acted in the same development.
As co-executor for the estate of my uncle I am selling a house in Neath but I am based in Bromley. My solicitor (based 235 kilometers awayhas requested that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Bromley who can witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Bromley
Me and mywife and I are in the market for an affordable conveyancing solicitor in Bromley to help me sell my home. I I am concerned about being overcharged and there's lots of Bromley conveyancing organisations to choose from...who do I opt for?
A trustworthy personal recommendation from someone who has used a conveyancing lawyer previously is no doubt a good thing. You are likely to know someone who has used a conveyancing solicitor previously. Do utilise our comparison tool for Bromley conveyancing quotes