We are buying our first house. Our conveyancing practitioner has messagedto check if we would like to purchase supplemental conveyancing searches. Unfortunately we in the dark as to what's relevant for conveyancing in Bromley Common
The type of Bromley Common conveyancing searches should be triggered based entirely on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your general attitude to risk. What is important is that you properly appreciate what information each search could give you. Then you can decide if you consider that you need that information. Should you be in doubt, ask the solicitor to advise.
I am the registered owner of a freehold premises in Bromley Common but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Bromley Common and has limited impact for conveyancing in Bromley Common but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I have Fifty Six years left on my lease and need a lease extension for my flat in Bromley Common. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/11/2024 the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Bromley Common
There are two types of lawyers who can conduct conveyancing in Bromley Common namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the sale or acquisition of property. They are both required to perform Bromley Common conveyancing to the same standards and guidelines so you can be sure that your conveyancing will be properly carried out and that all necessary steps should be correctly followed.
Last month we had a mortgage agreed in principle with Nottingham. Bromley Common conveyancing lawyers have been appointed. What is the average time that one could expect to receive a mortgage offer from Nottingham?
There is no definitive answer here. Have Nottingham conducted the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
We have agreed to purchase a house in Bromley Common. An unusual aspect is that the roof has a solar panel. Aldermore have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Aldermore your lawyer must comply with the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and solicitors are required to report to Aldermore where a lease does not comply with these conditions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Bromley Common.
Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial property in Bromley Common?
Many commercial conveyancing solicitors in Bromley Common will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Bromley Common. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bromley Common.
For every commercial conveyancing transaction in Bromley Common it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Bromley Common commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Bromley Common.