I have given 8 weeks notice to my existing landlord and have to leave my rented property in Bromley Common by 31/12/2025. Conveyancing on my purchase is underway. Can I complete in three weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to provide notice on a rental unless you have exchanged. If you have not previously done so, update to your conveyancer and ask them to they apply pressure on the sellers lawyers, try to a target completion date that all parties will work towards
It is a dozen years since I bought my home in Bromley Common. Conveyancing solicitors have now been appointed on the sale but I am unable to find my deeds. Is this a major issue?
You need not be too concerned. Firstly there is a possibility that the deeds will be with the mortgage company or they could be in the possession of the lawyers who handled your purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Almost all conveyancing in Bromley Common involves registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Bromley Common. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
If you intend to refinance then Coventry BS will require that you use a conveyancer on the Coventry BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Coventry BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Coventry BS mortgage is registered as a charge at the Land Registry.
I opted to have a survey done on a house in Bromley Common prior to instructing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bromley Common. Conveyancing may be slightly more expensive based on your lender's requirements.
In sourcing the world wide web for the words on line conveyancing in Bromley Common it reveals many property lawyersin the area. How do I determine which is the suitable property lawyer for purchase transaction?
The preferential method of finding a suitable conveyancer is through a trusted referral, so seek the counsel of colleagues and those you trust who have acquired a property in Bromley Common or the respected estate agent or financial adviser. Costs for conveyancing in Bromley Common differ, so it's a good idea to secure a minimum of three fee estimates from varying types of companies. Be sure to obtain confirmation what costs in the quote includes.
My husband and I hope to purchase our first property in Bromley Common. Conveyancing practitioner already selected. The broker advised that a survey is not needed as the property was only built 22 years ago.
You would be well advised to undertake a Home Buyer's Report. Given the property is more than 10 years old the property will be without a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report could be enough. They will highlight any apparent issues and suggest further investigation where relevant. Where there are any indications of material issues seek a full Building Survey from the beginning.