I am hoping to complete my purchase in St Davids next Friday. My property lawyer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
Any lawyer on acting for lenders 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 UK Finance Lenders’ Handbook requirements. These requirements are not specific to conveyancing in St Davids.
I am considering applying for a Barclays mortgage for purchase of a newly converted (under development) in St Davids with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
In theory, you could use a solicitor that is not on the Barclays conveyancing panel, but Barclays would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am buying a property and the lawyer has identified Chancel Repair to which the property may be obligated to contribute to because it falls into the area of such a church. She has suggested insurance. Is this really warranted for conveyancing in St Davids
Unless a previous purchase of the property took place post 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in St Davids to continue to propose a a chancel search and or insurance against a claim.
Due to the input of my in-laws I had a survey completed on a house in St Davids ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some lenders may not grant a mortgage on this type of property.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can look into this further with 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 St Davids. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Davids to see if the conveyancing will be more expensive.
Is it possible to transfer to a new conveyancer as I need to choose one who is on the Santander conveyancing panel. I instructed a local conveyancing solicitor in St Davids round the corner but the firm is not accepted by Santander
It would be our pleasure to help you find a conveyancing solicitor in St Davids on the Santander panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in St Davids. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in St Davids.
My cousin has suggested that I use his lawyers for conveyancing in St Davids. Do I follow his recommendation?
No doubt it’s preferable to select a conveyancing lawyer is to have referrals from friends or relatives who have actually used the conveyancer you're considering.