Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bromley so that I can attend their offices when needed.
Whereas this was necessary 15 years ago, most mortgage companies no longer require their conveyancing panel solicitor to witness the borrowers signature. It will still be necessary for you to provide ID documents and there are still manifest benefits to using a local practitioner, in your case a conveyancing solicitor in Bromley.
Various online forums that I have visited warn that are the main reason for delay in Bromley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Bromley.
I'm converting the mortgage on my existing property to a BTL loan with Halifax and intend to use the remaining equity as a deposit on another house. The area we are talking about is Bromley. Will your lawyers be able to act for the two lenders and link together the transactions?
Do use our comparison tool on this page to be sure that the lawyers are approved by both banks. On the basis that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make apparent your expectations and needs.
I work for a busy estate agent office in Bromley where we see a few flat sales jeopardised due to short leases. I have been given contradictory information from local Bromley conveyancing firms. Could you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a first floor flat in Bromley. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
You certainly can. We can put you in touch with a Bromley conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Bromley property is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268
I was told by my mortgage company that their panel lawyers operate no sale no fee basis for conveyancing in Bromley. My purchase fell through and now the conveyancers have requested search fees! They are claiming that the fees are nothing to do with their fees!
Bromley conveyancing search costs are disbursements not legal fees as these are paid to a third party.