I'm in the process of porting my current homeowner mortgage to a BTL Aldermore mortgage. I have been informed by my broker that I must appoint a conveyancer as part of the process. I had a chat my past Allendale conveyancing firm who dealt with the legals when I first acquired the property. The fee calculation issued of just over five hundred pounds has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad steep. Where you are content to expend time contrasting quotes you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, assuming were happy with the service the firm provided you couldcome to rue opting for an an untested lawyer. If is important to enquire that the solicitor can act for Aldermore. Do make use of our search tool to get a quote a Allendale conveyancing firm on the Aldermore conveyancing panel, which can often include conveyancing solicitors in Allendale.
We were just about to exchange contracts for a leasehold flat in Allendale. We have hit a snag. The loan offer with The Mortgage Works runs out on 5/1/2026 but the sellers are insisting on a completion date of 7/1/2026. Can one prolong the mortgage offer?
The person best placed to deal with your issue is your solicitors who should calculate whether he or she is corresponding with the bank, seller’s lawyers, selling agents or possibly all three based on the circumstances your house move as of today.
We expect to receive a AIP from Barclays this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Allendale solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Allendale solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I am selling my flat. I had a double glazing fitted in September 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Santander are being pedantic. The Allendale solicitor who is on the Santander conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Santander are requiring a building regulation certificate. Why do Santander have a conveyancing panel if they don't accept advice from them?
It is probably the case that Santander have referred the matter to their valuer. The reason why Santander may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase flat in Allendale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Allendale conveyancer is on the HSBC conveyancing panel.
I have been told that property searches are a common reason for obstruction in Allendale conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Allendale.
I've recently bought a leasehold flat in Allendale. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Allendale Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
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Can you tell me if there are any major works anticipated that will increase the maintenance fees? Does this lease have in excess of 90 years remaining? This information is helpful as a) areas may result in problems for the block as the common areas may start to deteriorate where repairs are not paid for b) if the leaseholders have an issue with the running of the building you will need to know about it
The estate agent has suggested using their property lawyer for the conveyancing in Allendale - won’t it be easier to just instruct them?
It is worth checking if the selling agent is recommending a solicitor or introducing to a property lawyer. There are plenty of Allendale estate agents who recommend two or three Allendale conveyancing firms purely based on those lawyers offering a great service.