Unfortunately I am unable to travel far from Purley. Is there a reason why all Purley lawyers are not on all mortgage company panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or solicitor’s perspective, the the contrary view is that lending institutions are becoming ever more anxious and feel it vital to protect them against illegal activities. As a consequence of this concern banks are limiting their conveyancing panel to a manageable size.
3 months have elapsed following my purchase conveyancing in Purley concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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.
Just had an offer accepted on a new build flat in Purley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Purley
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am using a search engine for the phrase on line conveyancing in Purley it reveals numerous conveyancersin the vicinity. With so much choice what is the best way to find the right solicitor for my move?
The ideal method of finding the right conveyancer is via trusted recommendation, so ask friends and relatives who have bought a property in Purley or the local estate agent or financial adviser. Fees for conveyancing in Purley vary, so it's advisable to obtain a minimum of four costs illustrations from varying types of solicitors. Dont forget to clarify what costs in the quote includes.
Back In 2000, I bought a leasehold house in Purley. Conveyancing and TSB mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Purley who previously acted has now retired. Any advice?
The first thing you should do is contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Purley conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have had difficulty in trying to purchase the freehold in Purley. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to calculate the amount due.
An example of a Freehold Enfranchisement case for a Purley premises is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The remaining number of years on the lease was 78.32 years.
We have had DIP from Santander who have advised we could borrow up to £400k. When do I need to appoint a lawyer for conveyancing? Purley is where we are purchasing.
You can appoint a lawyer now requesting that they open a file for you. This will enable: 1) the selling agent to issue a Sales Memo to the relevant parties 2) the seller’s conveyancing practitioner to submit the draft contract. That being said, do not instruct your property lawyer to start searches until you receive your valuation report via Santander and you are happy to move forward.