I am obtaining a mortgage with Halifax. My intention is to use a Licensed Conveyancer in Bermondsey. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am purchasing a house without a mortgage in Bermondsey. I have lived for the last 15 years in Bermondsey. Conveyancing searches are exorbitant. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then the vast majority of the Bermondsey conveyancing searches are at your discretion. Your lawyer will try and steer you, no-doubt strongly, that you should have searches completed, but he has a professional duty to take that path of guidance. Do take into account; if you are going to dispose of the house one day, it will likely be be of importance to your future buyer what the searches reveal. On occasion properties with functional issues can still reveal detrimental search results. A competent conveyancing solicitor in Bermondsey should provide you some sensible advice concerning this.
A friend pointed out to me me that in purchasing a property in Bermondsey there could be various restrictions prohibiting external changes to the property. Is this right?
We are aware of a number of properties in Bermondsey which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Bermondsey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with Principality. Bermondsey conveyancing lawyers are instructed. How long does it take for Principality to forward the offer to the conveyancing practitioner?
There is no definitive answer here. Have Principality completed the valuation? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am buying a property in Bermondsey. A rare aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Clydesdale your lawyer must follow the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to Clydesdale where a lease does not comply with these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Bermondsey.
I have justfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Bermondsey for a purchase of a leasehold apartment 9 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bermondsey conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a house in Bermondsey before retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders will not give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bermondsey. Conveyancing may be slightly more expensive based on your lender's requirements.