All was ready to complete my purchase in Lifton next Thursday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What does the insurance need to cover?
Any lawyer on acting for banks 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 conditions. These requirements are not unique to conveyancing in Lifton.
Do the Building Society Association intend to launch a search tool with a view to list firms on the Earl Shilton BS conveyancing panel for example in Lifton?
We are not aware of any intention on the part of the BSA to develop such a tool.
I opted to have a survey completed on a house in Lifton before retaining conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks tend refuse to grant a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you e-mail us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Lifton. Conveyancing will be smoother if you use a solicitor in Lifton especially if they regularly deal with such properties in Lifton.
I'm remortgaging my existing house to a BTL loan with Clydesdale and intend to use the remaining equity as a deposit on a second property. The area we are looking at is Lifton. Will your conveyancers be able to act for the two banks and tie in the transactions?
Make use of our search tool on this page to check that the conveyancers are on the appropriate lender panels. On the basis that they are the conveyancer should be able to connect the two conveyancing matters but you should talk with you lawyer and communicate your expectations and requirements.
We are 3 weeks into a residential purchase having been referred to solicitors by the high street agent to do our conveyancing in Lifton. I am not happy. Can you help me find new lawyers?
A lawyer would have to be really bad to suggest diss instructing them. Has the loan offer been sent? In the event that it has you will need to make them aware of the new contact details and ensure the loan are re-sent. Your new conveyancer should be on the lenders approved list to avoid supplemental fees and delays. That should be your first question of the new lawyers. Our find a solicitor tool can assist you in finding a lender approved conveyancer for your home move in Lifton
My wife and I have recently appointed a conveyancing solicitor in Lifton. I I would like to check if they are listed on the lender's conveyancing panel. Can you or the lender confirm if they are on the panel?
One option is to contact the solicitor to enquire if they are on the bank's approved list. If that does not help get in touch with us and we can investigate and revert. If they are not on the lender panel we we can help find a reputable conveyancing solicitor in Lifton on the panel for your mortgage company.