We wanted to use a property lawyer in Purley for our home move. Our financial adviser has since advised us that our bank won't deal with them. Surely this is unfair competition?
Before the recession most mortgage companies had a different appetite for risk. Almost all Purley conveyancing firms would have been on many bank panels. The Financial Services Authority in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more data from law firms concerning their operations and the individuals who work for them as well as establishing certain criteria such a completing on a minimum amount of transactions. Many Purley conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Purley is amongst the hundreds of areas where the lawyers we list are members of the panel for .
My colleague advised me that if I am buying in Purley I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Purley conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Purley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Purley Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Purley.
3 months have elapsed since my purchase conveyancing in Purley concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a house in Purley in advance of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some banks may not give a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Purley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Purley to see if the conveyancing will be more expensive.
In my capacity as executor for the will of my grandfather I am selling a property in Newport but reside in Purley. My solicitor (who is 200 kilometers awayhas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Purley to witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Purley based