We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to instruct a specialised conveyancing solicitor in Bromley?
Do check but the chances are that allocate you one of their panel conveyancers should you take up the "fee-free" offer. Contact the mortgage company and check if they allow a cash alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Bromley.
It has been 2 months since my purchase conveyancing in Bromley completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 property 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.
Due to the advice of my in-laws I had a survey completed on a property in Bromley in advance of instructing solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to grant a mortgage on such a house.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to telephone us we can look into this further via the appropriate 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. Conveyancing will be smoother if you use a solicitor in Bromley especially if they are accustomed to such properties in Bromley.
Having checked my lease I have discovered that there are only Fifty years left on my flat in Bromley. I am keen to get lease extension but my landlord is absent. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to prove that you have done all that could be expected to track down the lessor. On the whole a specialist should be useful to conduct investigations and prepare an expert document which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Bromley.
I own a studio flat in Bromley, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Bromley with an extended lease are worth £165,000. The ground rent is £45 charged once a year. The lease expires on 21st October 50
With just 50 years remaining on your lease the likely cost is going to span between £36,100 and £41,800 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
What is the reason for new build conveyancing in Bromley being more expensive?
Purchasing a brand new premises is completely different from the standard house purchase conveyancing in Bromley. For a start housebuilders ordinarily require contracts to exchange very quickly, so there is a lot of pressure on your to ensure everything is in order. In addition new build properties frequently involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders obligations are also more demanding. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.