Find a Lender-Approved Local Conveyancer in Peckham

Ready to buy a new home? Find a law firm approved by your lender.

Choosing the right solicitor is the most important decision when it comes to your Peckham conveyancing

Reasons to use our Peckham conveyancing solicitors

  • 1 Peckham property lawyers have a significant advantage when it comes to Peckham conveyancing as they have important local knowledge of local authority requirements, planning policies and other issues that can impact your conveyancing
  • 2 Our site is the only site that enables you the ability to check that your property ownership legalities in Peckham will be conducted by a conveyancer on your bank conveyancing panel.
  • 3 There is a better than average chance that the the lawyers for the other party are based in Peckham - if so both parties are likely to be less confrontational
  • 4 Personal touch together with pure property local knowledge are key benefits that you should look for when choosing conveyancing solicitors. Peckham home moves can be made significantly more protracted due to lack of transparency between all the parties. The lawyers we work with ensure that the lines of communication are open and act on arising issues and developments expeditiously.
  • 5 Conveyancer conveyancing firms have extremely good personal connections with Peckham selling agents and work very closely with them and local surveyors so as to ensure transactions proceed expeditiously.

Examples of recent conveyancing in Peckham since April 2021*

Recently asked questions about conveyancing in Peckham

Unfortunately I am unable to travel far from Peckham. Please explain the reason why all Peckham solicitors are not on all lender panels?

Even though it may seem unfair for lenders to limit who can act for them, from the public’s or lawyer’s standpoint, the flip side is that lending institutions are increasingly anxious and regard it vital to defend themselves against illegal activities. As a consequence of this concern mortgage companies have restricted their conveyancing panel to a manageable size.

About to place a bid on a leasehold flat in Peckham. The property agents advise that it is standard for flats in Peckham to have less than 75 years left on the lease. I am getting a loan with Nationwide Building Society. Will the property be mortgageable given that the lease has Seventy One years left.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/7/2021 the requirements read as follows :

- Our minimum unexpired lease term is 55 years.
- There must be at least 30 years remaining at the end of the mortgage term (regardless of the length of lease at the start).

Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Issuing Office (Will be declined):
- Unexpired lease term less than 55 years
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period is less than or equal to 5 years

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 55 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial, etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than 85 years
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Issuing Office (Will be declined)
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house (does not apply to Shared Ownership)
- Starting Ground Rent greater than 0.1% of the property value
- Ground Rent review period less than or equal to every 5 years
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- Starting Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than 5 years
- Ground Rent escalation less than or equal to RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years.

My friend advised me that if I am purchasing in Peckham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is occasionally included in the estimate for your Peckham conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Peckham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Peckham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Peckham Education with maps and statistics, Local Amenities and other useful data concerning Peckham.

My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive fees for non-domestic conveyancing in Peckham for below £2000?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Peckham, including the disposal and acquisition of businesses as well as simply premises. If you are looking to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right lawyer. As for the charges these will vary based on the structure and complexity of the proposed transaction. Let us have your contact information or telephone us so that we can provide you with a detailed commercial conveyancing calculation.

I am a negotiator for a long established estate agent office in Peckham where we have witnessed a number of flat sales jeopardised as a result of short leases. I have received conflicting advice from local Peckham conveyancing firms. Could you clarify whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I am the registered owner of a first floor flat in Peckham. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?

Where there is a missing freeholder 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 assess the sum to be paid.

An example of a Freehold Enfranchisement matter before the tribunal for a Peckham flat is 31 Kings Grove in January 2012. By a claim form issued on 11" August 2011 under action number 1LB01618 in the Lambeth County Court the applicant tenants sought dispensation under section 26 of the Leasehold Reform, Housing and Urban Development Act 1993 from the requirement to serve a notice under section 13 of that Act in order to purchase the freehold of the premises. The Tribunal decided the amount payable for the freehold as £10,728 This case related to 2 flats. The number of years remaining on the existing lease(s) was 80.5 years.

Are you able to confirm the aspects of conveyancing offered by Peckham conveyancing solicitors?

Generally most Peckham conveyancing firms manage to provide a broad array of assistance to residential and agricultural land owners, vendors, investors, landlords and tenants such as:

    Property sale conveyancing in Peckham or throughout the rest of the country Domestic purchase conveyancing in Peckham and countrywide Buying and selling of garden land Equity Release conveyancing Planning and boundary enquiries Leasehold Enfranchisement - both lease extensions and acquiring the freehold

Last updated

Sample of conveyancing solicitors in Peckham regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Peckham but also conveyancing throughout England and Wales.

  • Apex Solicitors, 163 Rye Lane, London, SE15 4TL
  • Peter Otto & Co Solicitors, 2nd Floor, 151 Rye Lane, Peckham, London, SE15 4TL
  • Gans & Co Solicitors Llp, 214-216 Rye Lane, Peckham, London, SE15 4NL
  • Fitzpatrick & Co, 887 Old Kent Road, London, London, London, SE15 1NL
  • Atti & Co, 15 New Cross Road, London, SE14 5DS

Residential Landlord and Tenant Conveyancing solicitors in Peckham

The firms listed below are a small selection of solicitors in Peckham practicing in landlord and tenant law and on the regulations governing different types of tenancies. This may include advice on Court proceedings for possession

  • Apex Solicitors, 163 Rye Lane, London, SE15 4TL
  • Peter Otto & Co Solicitors, 2nd Floor, 151 Rye Lane, Peckham, London, SE15 4TL
  • Victory Solicitors, 37-39 Peckham High Street, Peckham, London, London, SE15 5EB
  • Equity Law Solicitors, 11 Peckham High Street, London, London, SE15 5EB
  • Gans & Co Solicitors Llp, 214-216 Rye Lane, Peckham, London, SE15 4NL

Commercial Conveyancing solicitors in Peckham regulated by the SRA

The list below is a non-comprehensive list of solicitors in Peckham with expertise in commercial conveyancing in Peckham. This will likely include advice on re-mortgaging commercial property
  • Apex Solicitors, 163 Rye Lane, London, SE15 4TL
  • Peter Otto & Co Solicitors, 2nd Floor, 151 Rye Lane, Peckham, London, SE15 4TL
  • Gans & Co Solicitors Llp, 214-216 Rye Lane, Peckham, London, SE15 4NL
  • Fitzpatrick & Co, 887 Old Kent Road, London, London, London, SE15 1NL
  • Mountain Partnership Solicitors, 143 New Cross Road, London, SE14 5DJ

Neighboring Locations

Peckham
Nunhead

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.