A friend advised me that in purchasing a property in Purley there may be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Purley which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Purley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it correct that all Purley CQS (Conveyancing Quality Scheme) solicitors are on the Co-operative conveyancing list of approved practices?
It is true that some lenders now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
When it comes to mortgage companies such as Principality, do Purley lawyers incur an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial site in Purley?
Its becoming the norm that commercial conveyancing solicitors in Purley will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Purley. The search result provides definitive data 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 Purley.
For each commercial conveyancing transaction in Purley it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Purley commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Purley.
The deeds to our house are lost. The lawyers who handled the conveyancing in Purley 5 years ago are no longer around. What do I do?
As long as you have a registered title the details of your ownership will be evidenced by HMLR under a Title Number. It is possible to perform a search at the Land Registry, identify your house and order up to date copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Purley is where the house is located. Can you offer any opinion?
Flying freeholds in Purley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Purley you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Purley may decide 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.
My company is intending to lease a unit on the high street. Can you recommend conveyancers offering no-move-no costs for non-domestic conveyancing in Purley for under £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Purley, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. As for the costs these will vary based on the structure and heads of terms of the deal. Please provide us with your details or telephone so as to enable us to provide you with a fixed commercial conveyancing quote.
I am attracted to a two maisonettes in Purley both have approximately fifty years remaining on the lease term. Will this present a problem?
A lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the value of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.
I am the leaseholder of a second floor flat in Purley. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Purley conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Purley flat is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case related to 6 flats. The remaining number of years on the lease was 78.32 years.