I am obtaining a mortgage offer from Santander. I would like to use a Licensed Conveyancer in City Of London. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
How up to date is your search tool for City Of London conveyancing solicitors on the RBS conveyancing panel? Do RBS send you an updated list?
City Of London conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
4 months have gone by since my purchase conveyancing in City Of London concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in City Of London ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks tend not give a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in City Of London. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in City Of London to see if the conveyancing costs will increase in light of this.
We have an offer in principle from Godiva Mortgages Ltd who have advised we could borrow up to £218k. At what point do we need to appoint a practitioner for conveyancing? City Of London is where we plan to move to.
It would be wise to instruct a conveyancing practitioner now so that the conveyancer can open the ledger so they can do their AML checks etc. As and when you wish them to start work they will seek a deposit normally approximately £200. That would normally be once you have the mortgage offer and valuation report, however if you want to expedite the process you can start quicker even though you may be risking some expense.