I happen to be the only beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in Wilsden. The Wilsden property was put into my name in April. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be treated the same way as though I had purchased the property in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. many banks would take a practical view as this provision is primarily there to capture subsales or the flipping of property.
We were going to get a AIP from Aldermore this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Aldermore recommend any Wilsden solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Wilsden 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 am due to exchange contracts on my house. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, RBS are being problematic. The Wilsden solicitor who is on the RBS conveyancing panel is saying indemnity insurance will be fine but RBS are insisting on a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS 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.
Just bought a terraced house in Wilsden , What is the estimated time for the Land Registry to deal with the formalities evidencing my proprietorship? My Wilsden conveyancing solicitor has been painfully slow, so I want to check that my name is registered.
As far as conveyancing in Wilsden registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry communicate with any other persons or bodies. At present in the region of 80% of such applications are completed within 12 days but some can be subject to extensive delays. Registration occurs once the purchaser has moved in to the premises therefore 'speed' is not usually primary concern yet if there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
Due to the guidance of my in-laws I had a survey completed on a house in Wilsden ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks may not give a mortgage on such a premises.
It varies from the lender to lender. Santander has different requirements from Halifax. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wilsden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wilsden to see if the conveyancing will be more expensive.
What does commercial conveyancing in Wilsden cover?
Commercial conveyancing in Wilsden incorporates a wide range of advice, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My husband and I are 14 days into a freehold purchase having been referred to a firm by the local agent to perform conveyancing in Wilsden. I am am very dissatisfied with the level of service. Could you help me find new conveyancers?
A conveyancer would have to be really bad to suggest replacing them. Has the mortgage been issued? If so you must make them aware of the replacement solicitor and get the mortgage documents are re-sent. Your new solicitor ideally needs to be on the mortgage company panel to avoid supplemental fees and frustration. That should be your starting point. Our search tool will assist you in finding a bank approved lawyer for your conveyancing in Wilsden