At what point will exchange of contracts happen for sale conveyancing in Bromley Common and am I required to attend the lawyers office?
Where you are near to one of the conveyancing solicitors in Bromley Common you are welcome to attend to sign contracts. However, the firms we work with supply a countrywide conveyancing service and provide just as diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the point of no return. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Bromley Common)to be in the office available at the end of the phone to exchange contracts.
We're in Bromley Common, First time buyers buying with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in Bromley Common I like with a park and station in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Bromley Common for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
We are a couple of weeks into a leasehold purchase having been directed to solicitors by the high street agent to do our conveyancing in Bromley Common. I am am very dissatisfied with the level of service. Can you help me find new lawyers?
They would have to be really bad to suggest diss instructing them. Has the mortgage offer been generated? If so you will need to advise them of the new solicitor and have the offer are issued to the new lawyers. Your conveyancer should be on the banks panel to avoid supplemental expenses and delays. So that should be your starting point. Our search tool should help you find a lender approved lawyer for your home move in Bromley Common
I am hoping to exchange soon on a garden flat in Bromley Common. Conveyancing solicitors inform me that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bromley Common should include some of the following:
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You should receive a copy of the lease The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Responsibility for repairing the window frames Responsibility to repair and maintain the building. It is essential that you know who is duty bound to repair and maintenance of all parts of the block and communal areas You should know if the lease allows you to change or upgrade aspects of the premises- you should know whether it applies to all alterations or limited to structural alteration, and whether permission is mandated necessary
I inherited a two-bedroom flat in Bromley Common. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to decide the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Bromley Common property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The number of years remaining on the existing lease(s) was 50.57 years.
We are seeking to buy a repossessed flat in Bromley Common and the bank selling require completion inside a month. Can a property lawyer meet that timeframe? Am I best advised to use a local Bromley Common firm or an online conveyancer that professes to offer speedy conveyancing?
Visit your Bromley Common high street. Pop in to 3 solicitor’s offices and request to talk to a conveyancing solicitor for an estimate. Explain your situation and get assurances on speed. Select the firm that appears most genuine. Be sure to choose a conveyancing practitioner on the panel of solicitors approved by your lender.