My husband and I are intent on purchasing property in Bromley Common. My property lawyer is not listed on the bank approved panel. Can I still use my Bromley Common conveyancing solicitor even though they are excluded from the lender list of approved lawyers?
One will need to have a lawyer to complete the legal work required if you need a mortgage to purchase your home. The conveyancer will carry out all the relevant investigations on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage paperwork is in order. You may appoint a Bromley Common conveyancing practitioner of your choosing. Nevertheless, if the property lawyer selected is not a member of the mortgage company approved list further fees will be levied as separate legal representation will be need by the lender. Conveyancing panel applications can be submitted, so where your lawyer has not historically applied for membership they should take the opportunity to apply.
Do the conveyancing practitioners listed on your site perform right to buy conveyancing in Bromley Common?
We have identified plenty of conveyancing specialists carrying out right to buy transactions You should e-mail the solicitors listed in order to get a costs calculation.
What does my ID and proof of funds have anything to do with my conveyancing in Bromley Common? Why is this being asked of me?
Bromley Common conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to check the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to provide two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill no older than three months).
Confirmation of the origin of funds is also required under the money laundering laws as lawyers are duty bound to check that the money you are using to buy a property (be it the exchange deposit or the total purchase price where you are a cash purchaser) has originated from a reputable source (such as an inheritance) and is not the fruits of illegitimate behaviour.
How does conveyancing in Bromley Common differ for newly converted properties?
Most buyers of new build residence in Bromley Common approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Bromley Common tend to purchase the land, 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 conveyancing solicitors 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 Common or who has acted in the same development.
How does the Landlord & Tenant Act 1954 affect my business offices in Bromley Common and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business leaseholders, giving them the right to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Bromley Common
My wife and I have appointed a Bromley Common conveyancing solicitor for our house purchase (novice purchasers) and have spotted in the terms and conditions that they are not overseen by the FCA. Am I right to be worried or is that standard with conveyancing practitioner?
We can't see why they should be. Most property lawyer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set stringent conditions in relation to monies sitting on client account.