Can you explain why leasehold purchase conveyancing in Wallington is more expensive?
The conveyancing costs for a leasehold premises in Wallington is often greater when contrasted to a freehold transaction. This is because there is an amount of additional investigations required in corresponding with the landlord and management company to obtain evidence concerning whether the rent and maintenance fee have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Wallington. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/6/2025, the requirements read as follows :
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Wallington is the location of the property. Can you shed any light on this issue?
Flying freeholds in Wallington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wallington you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wallington 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.
My husband and I are 14 days into a residential purchase having been referred to conveyancers by the high street agent to carry out the conveyancing in Wallington. We are not happy. Can you help me find new lawyers?
They would have to be very poor in order to consider diss instructing them. Has the loan offer been sent? In the event that it has you will need to make them aware of the new contact details and have the mortgage documents are re-issued. Your conveyancer needs to be on the mortgage company panel to avoid supplemental charges and delays. So that should be your starting point. Our find a solicitor tool will assist you in finding a lender approved solicitor for your home move in Wallington
Completion is due on our sale of a £475,000 flat in Wallington in 10 days. The management company has quoted £336 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Wallington?
Wallington conveyancing on leasehold flats more often than not involves the buyer’s conveyancer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions most will be content to assist. They are entitled to levy a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge invoiced by the landlord must be accompanied by a summary of entitlements and obligations in respect of administration charges, otherwise the charge is not strictly payable. In reality you have no choice but to pay whatever is requested of you should you wish to complete the sale of your home.
Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Wallington. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We can put you in touch with a Wallington conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Wallington flat is 21 & 23 Carshalton Grove in May 2009. the Tribunal adopted the figures presented as the premiums payable by the Applicant i.e. a total of £20,750. This case related to 2 flats. The remaining number of years on the lease was 72 years.
My husband and I are purchasing a ground floor flat in Wallington. At the time of instructing our solicitor, we were told they were on all mainstream lender panels. The financial adviser contacted us today to advise that they are not on the Principality approved list. Were it to be true, what should we do? Should we simply find a new lawyer that is on their panel or do we pay for separate representation, with Principality appointing their own approved lawyer.
If you are acquiring a property requiring a mortgage it is usual for the purchaser’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's list of approved lawyers. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the lawyer has to fulfill. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should call Principality and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Principality's conveyancing panel as you are at liberty to use your preferred Wallington lawyers, in which case it will likely add costs, and it may delay matters as you are adding another solicitor into the mix.