My mortgage broker requires my Rusholm solicitor’s panel reference for the Santander conveyancing panel. Can you suggest how I find this out. I have called my local Rusholm office but they don't know it.

The sensible thing to do is ask for this information from your Rusholm property lawyer . Most Rusholm law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.

About to place an offer on a leasehold flat in Rusholm. The selling agents say that it is standard for flats in Rusholm to have less than 75 years remaining. I am taking out a mortgage with Tesco Bank. Is this going to be acceptable if the lease has 70 years unexpired.

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. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/8/2024 the requirements read as follows :

Can I be sure that the Rusholm conveyancing solicitor on the HSBC panel is any good?

When it comes to conveyancing in Rusholm seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer conducting your conveyancing.

I currently have a mortgage with Barclays for my property in Rusholm. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Barclays?

You must advise Barclays prior to letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.

I have finally had an offer on a maisonette in Rusholm agreed to, but there is a chain. The owners have put an offer on a flat, however it’s not yet agreed to, and are looking at other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Rusholm. What do I do now? At what point do I apply for the mortgage with Virgin Money?

It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs too early (mortgage application is approx one thousand pounds, then valuation, Rusholm conveyancing search fees, etc). The first thing to do is ensure that your lawyer is on the Virgin Money conveyancing panel. Regarding the subsequent stages this very much dictated by the specifics of your case, motivation for the property and on the state of the market. During a rising market some buyers would apply for the mortgage with Virgin Money and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with searches.

It has been four months since my purchase conveyancing in Rusholm concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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.

My partner and I intend to buy our 1st house in Rusholm. Conveyancing solicitor already instructed. The financial consultant advised that a survey is not appropriate as the property was only built 16 yrs ago.

At the very least you should order a Home Buyer's Report. Given the property is more than 10 years old the property will not come with a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. They will highlight any obvious problems and recommend further investigation if relevant. If there are any indications of problems obtain a comprehensive Building Survey from the beginning.