I have paid off my mortgage with Aldermore. I assume I don't need a Sharnbrook solicitor on the Aldermore panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
Planning on purchasing a house in Sharnbrook. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Principality 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 Sharnbrook lawyer is on the Principality conveyancing panel.
I was told three weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Sharnbrook is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I used Stirling Law several years past for my conveyancing in Sharnbrook. Now, I need the documents however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sharnbrook of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, no chain conveyancing. Sharnbrook is the location of the property. Can you offer any guidance?
Flying freeholds in Sharnbrook are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sharnbrook you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sharnbrook may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What tools are available to search for a Sharnbrook law firm on the Alliance & Leicester conveyancing panel? I am a keen cyclist and am willing to travel upto 25kilometers to meet the conveyancer.
You can use the facility on this page. Please choose the lender and your location and you will see a number of Sharnbrook conveyancing lawyers based on proximity. We have detailed some Sharnbrook conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Alliance & Leicester member panel
Me and my partner are expecting to complete on the purchase a property in Sharnbrook but as a consequence of wreckage from the recent storms I have agreed reparation from the seller of five thousand pounds by way of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process however my lender will not agree to this. Should they have been informed?
Any conveyancing practitioner listed on the lender conveyancing panel is duty bound to disclose to the bank of any changes to the purchase figure. If you were to refuse your conveyancing practitioner to report the reduction to your mortgage company then they would need to disinstructing themselves from representing you and the lender.