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Find a Purley Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Purley? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Purley transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Purley

Our Purley solicitor has spotted a difference between the information in the home valuation report and what is in the title deeds. My solicitor has advised that he is obliged to ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?

Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

Is there a reason why leasehold purchase conveyancing in Purley is more expensive?

In short, leasehold conveyancing in Purley and elsewhere usually requires more work compared to freehold conveyancing. This includes reviewing the lease, communicating with the landlord about serving appropriate notices, obtaining current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first entered into.

I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Purley. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/2/2019, the requirements read as follows :

Me and my brother own a terraced Edwardian house in Purley. Conveyancing lawyer acted for me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with 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 as there may be 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 enquire as to the situation with the conveyancing lawyer who conducted the purchase.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Purley. Conveyancing lawyers have are soon to be instructed. Will they explain the issues?

Most houses in Purley are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Purley so you should seriously consider looking for a Purley conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the property is part of an estate. Your lawyer should report to you on the legal implications.

I am the leaseholder of a ground flat in Purley. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?

Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to decide the sum to be paid.

An example of a Freehold Enfranchisement decision for a Purley residence 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 unexpired term was 78.32 years.

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Neighbouring Locations

Wallington
Waddon
South Croydon
Purley
Riddlesdown
Coulsdon
Kenley

Find out more about how flying freehold can affect your the value of a property.