Me and my partner are soon to complete buying a property in Aldermanbury but as a result of damage from the recent storms I have was able negotiate reparation from the vendor in the sum of £3k in the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process yet Virgin Money are not allowing this. Why were they approached?
Your conveyancing practitioner that is on the Virgin Money approved list is obliged to advise Virgin Money of any changes to the sale price. If you were to refuse your conveyancing practitioner to report the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new lawyer for your conveyancing in Aldermanbury.
I have 71 years unexpired on my lease and need a lease extension for my apartment in Aldermanbury. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 31/10/2025 the requirements read as follows :
I require expedited conveyancing in Aldermanbury as I am faced with an ultimatum to complete within one month. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are not getting a home loan you have the choice not to have searches conducted although no law firm would recommend that you don't. With lots of history conveyancing in Aldermanbury the following are examples of what can crop up and therefore affect market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified during conveyancing in Aldermanbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Aldermanbury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Aldermanbury with a loan from HSBC Bank. The builders would not budge the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not disclose to my solicitor about this side-deal as it will adversely affect my mortgage with HSBC Bank. Do I keep my lawyer in the dark?.
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.
I am buying a house mortgage free. My solicitor has been handed with 2 distinct forms of photographic ID, bank statement, endless utility bills. Now he requires a copy from a probate lawyer stating that the money is in place and that it has come from inheritance and not selling fake DVD.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Aldermanbury conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.