Our family solicitor has given a fee estimate £1200 for leasehold conveyancing in Purley. I am hoping to downsize from a Edwardian property for £125,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Purley?
The charges are a bit high. Where you are willing to invest time scrutinising costs you could trim some of the cost by perhaps £125. On the other hand, you maycome to rue opting for an a cheaper solicitor. Remember to be sure that the firm can act for your mortgage company. You can make use of our comparison tool to choose a Purley conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Purley.
I am planning on selling our home in Purley and according to the buyers it appears that there is a risk of it being built on contaminated land. Any high street Purley lawyer would know this is not the case. It does beg the question why the buyers instructed a national conveyancing practice as opposed to a conveyancing solicitor in Purley. We have lived in Purley for six years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I purchased a terraced Georgian property in Purley. Conveyancing practitioner acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Purley and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing lawyer who conducted the purchase.
I am buying a new build house in Purley with the aid of help to buy. The developers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my solicitor about the deal as it would jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a property in Purley in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks may refuse to issue a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Purley. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to change firm as I have to select a firm on the Platform Home Loans Ltd conveyancing list. I instructed a local conveyancing solicitor in Purley five minutes from me but the firm is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Purley on the Platform Home Loans Ltd panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Purley. Using the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in Purley and throughout England and Wales.