Just been in touch with my conveyancing solicitor in Bromley Common who conducted the legals two years ago asking for a conveyancing costs illustration based on the same type of house move (a leasehold premises and a freehold property) of similar values with a loan from Virgin Money. It looks as though am now being quoted double. Should I look for an alternative property lawyer?
The costs illustration is slightly on the expensive side. If you are happy to spend time comparing quotes you could get the conveyancing a bit cheaper by as much as £125. On the other hand, assuming were happy with the assistance the firm provided you mightcome to regret choosing an an untested conveyancer. If is important to enquire that the solicitor can also act for Virgin Money. You can use our search tool to select a Bromley Common conveyancing firm on the Virgin Money conveyancing panel, which can often include conveyancing solicitors in Bromley Common.
I am hoping to complete my purchase in Bromley Common next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What risks does the lender expect the insurance to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not specific to conveyancing in Bromley Common.
I am planning to acquire a house and require a conveyancing solicitor in Bromley Common who is on the Santander conveyancing. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Santander in certain locations such as Bromley Common. We dont recommend any particular firm.
My colleague recommended that if I am purchasing in Bromley Common I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Bromley Common conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Bromley Common around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bromley Common Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Bromley Common.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Bromley Common is where the house is located. Is there any guidance you can impart?
Flying freeholds in Bromley Common are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bromley Common you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bromley Common may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.