I am hoping to receive a mortgage offer from Santander. I would like to instruct a Licensed Conveyancer in Oakdale. Does the Santander Conveyancing panel exclude conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Oakdale. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/11/2025, the requirements read as follows :
I am the only beneficiary of my late grandmother’s will and I have everything in my name alone, including the my former home in Oakdale. The Oakdale property was put into my name in October. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. Some lenders would take a sensible view as this clause is chiefly there to identify the purchase and immediately sell or the flipping of property.
Two weeks ago we had a mortgage agreed in principle with Aldermore. Oakdale conveyancing practitioners were instructed. How long does it take for Aldermore to issue the offer to the lawyer?
There is no definitive answer here. Have Aldermore completed the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Planning on purchasing a house in Oakdale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative 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 Oakdale solicitor is on the Co-operative conveyancing panel.
What will a local search inform me concerning the house my wife and I purchasing in Oakdale?
Oakdale conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance Onsearch The local search is essential in every Oakdale conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
We're FTB’s - agreed a price, yet the agent told us that the seller will only issue a contract if we use the agent's recommended solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor used to conveyancing in Oakdale
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a motivated buyer is going to damage their objectives. Speak to the vendors direct and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to use your preferred Oakdale conveyancing firm - as opposed tothe ones that will earn the negotiator at the agency a commission or hit his conveyancing figures demanded by corporate headquarters.
I am attracted to a couple of apartments in Oakdale both have in the region of forty five years left on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Oakdale is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most purchasers and lenders, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Oakdale conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Leasehold Conveyancing in Oakdale - Sample of Questions you should ask before Purchasing
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You should want to find out as much as you can regarding the managing agents as they can either make living at the property much simpler or uncomfortable. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily issues like the upkeep of the communal areas. Enquire of other tenants whether they are happy with them. On a final note, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically what you get for your money. Is the freehold reversion owned collectively by the leaseholders? The majority of Oakdale leasehold properties will be liable to pay a service charge for the upkeep of the block set by the landlord. Should you acquire the flat you will have to meet this amount, usually in instalments accross the year. This can vary from several hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay annual, ordinarily this is not a exorbitant amount, say approximately £50-£100 but you need to check as occasionally it can be many hundreds of pounds.