I am hoping to receive a offer of a home loan from Santander. I hope to employ the services of a Licensed Conveyancer in Aldermanbury. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My wife and I intend to remortgage our apartment in Aldermanbury with Leeds Building Society. We have a son 18 who lives at home. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the Leeds Building Society conveyancing panel as he did not need to sign this form when we bought 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Leeds Building Society conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Leeds Building Society. This is solely used to protect Leeds Building Society if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Leeds Building Society had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I have 7378 less than 75 years unexpired on my lease and require a lease extension for my apartment in Aldermanbury. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/3/2024 the requirements read as follows :
We have a mortgage agreed in principle with RBS. Aldermanbury conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS done the valuation? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have paid off my mortgage with Principality. I assume I don't need a Aldermanbury conveyancing practitioner on the Principality panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
My offer on a semi in Aldermanbury has been agreed to, but there is a chain. The sellers have offered on a property, but it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Aldermanbury. What do I do now? At what point do I apply for the mortgage with Virgin Money?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then valuation, Aldermanbury conveyancing search charges, etc). The first thing to do is check that your solicitor is on the Virgin Money conveyancing panel. Regarding the next phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a buoyant market many buyers will apply for a home loan with Virgin Money and pay for the valuation and only if it comes back ok would they ask their solicitor to move forward with searches.
I require quick conveyancing in Aldermanbury as I am faced with an ultimatum to complete inside 2 weeks. Thankfully I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash buyer you are at liberty not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Aldermanbury the following are instances of what can arise and therefore impact market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
Hoping to buy a property located in Aldermanbury and I am already nervous. I couldn't find anything specific about Aldermanbury. Conveyancing will be needed in due course but do you know about the Aldermanbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Aldermanbury. In the meantime here are some basic statistics that we found