I have given 2 months notice to my current landlord and have to vacate my rented flat in Bromley Common by the end of next month. Conveyancing on my purchase has just started. Can I complete in a couple of weeks as I wish to avoid having to find temporary accommodation?
It is unwise to provide notice for your lease until exchange of contracts has taken place. If you have not already done so, update to your lawyer and request that they chase the sellers side, try to get a realistic time scale from them that everyone will aim to achieve
I purchased a freehold property in Bromley Common yet charged rent, why is this and what is this?
It is rare for properties in Bromley Common and has limited impact for conveyancing in Bromley Common but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Various web forums that I have come across warn that are a common cause of delay in Bromley Common conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Bromley Common.
It has been three months since my purchase conveyancing in Bromley Common took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 premises 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.
In my capacity as executor for the will of my grandfather I am selling a house in Cardiff but live in Bromley Common. My lawyer (approximately 300 miles awayhas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Bromley Common who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Bromley Common based
My fiance and I are purchasing a 2 room apartmentin Bromley Common with a loan from a mortgage company. We wish to instruct our conveyancer in Bromley Common but our bank inform us now that she’s not on their "panel". We have to appoint one of the our mortgage company panel solicitors or keep our Bromley Common solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our lender use our Bromley Common lawyer?
Unfortunately,no. The bank mortgage offered to you is subject to conditions, one of which will be that solicitors will on the mortgage company's conveyancing panel. Until recently, most banks had open panels, including many conveyancing solicitors in Bromley Common : a mortgagee 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 lawyer to apply to be on the conveyancing panel for your mortgage company.