We are selling our house in Potters Bar. Will my property lawyer have to be on the Aldermore conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am the single beneficiary of my late father’s will with all property in now in my sole name, including the my former home in Potters Bar. The Potters Bar property was put into my name in November. I want to move. I understand that there is a CML 6 month 'rule', which means that my property ownership will be regarded the same way as though I had purchased the property in November. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view lenders take of it, depend on the bank as this provision chiefly exists to capture subsales or the quick reselling of property.
We expect to receive a AIP from Aldermore this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Potters Bar solicitors on the Aldermore conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Potters Bar solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
I had an offer accepted on an apartment in Potters Bar on 16/10/2024, valuation was booked 3 days later, received a clean bill of health. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Santander and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Santander conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to my house are lost. The conveyancers who dealt with the conveyancing in Potters Bar 5 years ago are no longer around. What are my options?
Nowadays there are duplicates made of almost everything, and your solicitor will know precisely where to find all the appropriate paperwork so you can buy or dispose of your property without any difficulty. If duplicates can’t be located, your lawyer can arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
I'm purchasing a new build house in Potters Bar benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not inform my lawyer about this deal as it may impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How do I use your search tool to locate a conveyancing practitioner in Potters Bar on the authorised to act for my lender?
Step one is to choose a mortgage company such as Halifax, Leeds Building Society or Godiva Mortgages Ltd then specify your preferred area for example Potters Bar. Conveyancing organisations in Potters Bar and across England and Wales will then be listed.
In my capacity as executor for the estate of my grandfather I am selling a property in Monmouth but live in Potters Bar. My lawyer (who is 200 miles awayneeds me to sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Potters Bar who can attest this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are located in Potters Bar