I am hoping to complete my purchase in Gaydon next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the lender. What does the insurance need to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not specific to conveyancing in Gaydon.
We note that you have a post code search directory identifying solicitors on the Lloyds conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Gaydon?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Gaydon.
I am buying a end of terrace house in Gaydon. We would like to convert the garage to a playroom at the house.Will the conveyancing process involve checks to see if these works are prohibited?
Your solicitor should review the registered title as conveyancing in Gaydon will occasionally identify restrictions in the title deeds which restrict certain works or require the permission of a 3rd party. Some extensions call for local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
I am currently in the process of buying my council flat in Gaydon. I have a mortgage agreed with Co-operative. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
I am selling my flat. I had a double glazing fitted in August 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Co-operative are being problematic. The Gaydon solicitor who is on the Co-operative conveyancing panel is recommending indemnity insurance as a solution but Co-operative are insisting on a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative 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.
My wife and I are selling our home in Gaydon and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the purchasers instructed an online conveyancing outfit rather than a conveyancing solicitor in Gaydon. We have lived in Gaydon for 4 years we know of no issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I decided to have a survey done on a property in Gaydon prior to retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks tend not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gaydon. Conveyancing may be slightly more expensive based on your lender's requirements.
I am 18 days into a leasehold purchase having been directed to a firm by the high street agent to carry out the conveyancing in Gaydon. I am not happy. Could you you assist me in finding new solicitors?
They would have to be very bad in order to consider diss instructing them. Has your mortgage been generated? In the event that it has you must advise them of the replacement conveyancer and get the loan are re-sent. Your new conveyancer should be on the banks panel to avoid added expenses and complications. So that should be your starting point. The find a solicitor tool can assist you in finding a bank approved conveyancer for your home move in Gaydon