I'm the single beneficiary of my late mum's will and I have everything in my name now, including the house in Purley. The Purley property was put into my name in February. I now wish to sell up. I do know about the CML six month 'rule', which means that my proprietorship will be considered the same way as if I'd bought the house in February. Do I have to wait half a year to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How sensible a view banks take of it, depend on the bank as this obligation is principally there to identify the purchase and immediately sell or the wholesaling and assigning of property.
I had an offer accepted on a property in Purley on 3/2/2025, valuation was booked 2 days later, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Are Coventry BS entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Nationwide have agreed my mortgage in principle, my bid on a house in Purley has been accepted, what are the next steps?
Your estate agent will want to know who your solicitors are (ensure that the conveyancing practitioners are on the lender’s panel). Call up Nationwide or the broker and finish off any appropriate documentation. Nationwide will sellect a valuer who will get in touch with the selling agent or owners to arrange a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average a fortnight to get a mortgage offer. Nationwide will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Purley.
I am buying my first flat in Purley benefiting from help to buy. The developers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about the side-deal as it could impact my mortgage with Skipton Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Purley is the location of the property. Can you offer any assistance?
Flying freeholds in Purley are rare 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 thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Purley 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 property.
I need to appoint a conveyancing solicitor for residential conveyancing in Purley. I have discover a site which seems to have the perfect answer If it is possible to get all this stuff completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My fiance and I may need to sub-let our Purley ground floor flat for a while due to a career opportunity. We used a Purley conveyancing practice in 2001 but they have since shut and we did not think at the time get any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Notwithstanding that your previous Purley conveyancing solicitor is not around you can check your lease to check if it allows you to sublet the property. The rule is that if the lease is non-specific, subletting is allowed. Quite often there is a prerequisite that you are obliged to seek consent from your landlord or other appropriate person prior to subletting. This means that you cannot sublet without first obtaining consent. Such consent is not allowed to be unreasonably turned down. If your lease prohibits you from letting out the property you should ask your landlord if they are willing to waive this restriction.
Having spent years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Purley. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to decide the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Purley premises is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case was in relation to 6 flats. The remaining number of years on the lease was 78.32 years.
Are there any apps to help find a Purley conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 25kilometers to meet the solicitor.
Feel free to make use of the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Purley and you will see a number of lawyer located nearest Purley. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.