Do conveyancers request money up-front for conveyancing in Norbury?
If you are buying a property in Norbury your lawyer will ask you place them with monies to cover the search fees. Generally this is called for to cover the fees of the Local Authority Search. When the down payment is payable against the total price then this should be asked for immediately in advance of contracts are exchanged. The closing balance that is due will be payable shortly before completion.
Are the BSA planning on creating a online directory to list practices on the Earl Shilton BS conveyancing panel for example in Norbury?
We are not aware of any plans on the part of the BSA to promote such a tool.
Forgive me if this question is silly but I am unexperienced as a first time buyer of a two bedroom flat in Norbury. Do I receive the keys to the house on the completion date from my conveyancer? If so, I will appoint a local conveyancing solicitor in Norbury?
On the day of completion you will not be required to go to the conveyancers office in Norbury. Your solicitors will arrange to send the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be invited to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
A relative pointed out to me me that in buying a property in Norbury there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are anumerous of properties in Norbury which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Norbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Kent Reliance. I assume I don't need a Norbury conveyancing practitioner on the Kent Reliance panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Kent Reliance mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Kent Reliance mortgage from the register. Kent Reliance, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
How does conveyancing in Norbury differ for newly converted properties?
Most buyers of new build or newly converted property in Norbury contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Norbury typically buy 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 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 Norbury or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Norbury and how can your lawyers assist?
The 1954 Act provides protection to business lessees, giving them the right to make a request to court for a new lease and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Norbury
I am purchasing a leasehold apartment in Norbury. Conveyancing estimates are coming in at around £1700. Is that in the right ballpark?
The average cost last year for conveyancing in Norbury was £1,395 not including Stamp Duty and HMLR fees.