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Find a Streatham Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Streatham

Can the conveyancing lawyers listed on your site conduct right to buy conveyancing in Streatham?

We have identified a number of conveyancing lawyers carrying out right to buy conveyancing work Please call the solicitors listed to secure a costs illustration.

I am the registered owner of a freehold property in Streatham but still pay rent, why is this and what is this?

It’s unusual for properties in Streatham and has limited impact for conveyancing in Streatham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.

Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Streatham. My lender is Bank of Ireland

Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/3/2024, the requirements read as follows :

I am the leaseholder of a first floor flat in Streatham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?

if there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the LVT to make a decision on the amount due.

An example of a Lease Extension decision for a Streatham premises is Flat 12, Newlands Court Streatham Common North in May 2012. the decision of the Tribunal was that the premium payable by the Applicants to the Respondent for the new lease of the Premises be £70,140. This case affected 1 flat. The unexpired term as at the valuation date was 23.25 years.

Are there frequently found problems that you witness in leases for Streatham properties?

There is nothing unique about leasehold conveyancing in Streatham. All leases are drafted differently and drafting errors can result in certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:

    Service charge per centages that don't add up correctly leaving a shortfall A provision to repair to or maintain parts of the building

You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Bank of Scotland, and Godiva Mortgages Ltd all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.

I am an executor of my recently deceased parent's Will, with a property in Streatham which is to be marketed. The bungalow is unregistered at HMLR and I'm advised that some buyers solicitors will insist that it is done before they'll move forward. What's the procedure for this?

In the situation that you have set out it seems sensible to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.

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