I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Ashbourne. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/6/2025, the requirements read as follows :
Will our solicitor be raising enquiries concerning flooding as part of the conveyancing in Ashbourne.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Ashbourne. Some people will acquire a property in Ashbourne, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, but there are a various searches that may be carried out by the purchaser or by their conveyancers which should give them a better understanding of the risks in Ashbourne. The standard completed inquiry forms sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a standard inquiry of the owner to determine whether the premises has suffered from flooding. If the premises has been flooded in past and is not disclosed by the seller, then a purchaser may bring a legal claim for losses as a result of such an incorrect answer. A purchaser’s lawyers may also order an environmental report. This should indicate if there is any known flood risk. If so, further investigations should be made.
How does conveyancing in Ashbourne differ for new build properties?
Most buyers of new build or newly converted property in Ashbourne come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Ashbourne tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ashbourne or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Ashbourne ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks tend refuse to give a mortgage on such a home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ashbourne. Conveyancing may be slightly more expensive based on your lender's requirements.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no costs for commercial conveyancing in Ashbourne for less than 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Ashbourne, including the disposal and purchase of businesses as well as simply property. If you are intending to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. Regarding the fees these will vary based on the structure and heads of terms of the deal. Please provide us with your contact information or telephone us so that we may provide you with a fixed commercial conveyancing quote.
Why do I have to supply my conveyancing practitioner with various items of ID ahead of starting my conveyancing in Ashbourne?
Ashbourne solicitors are required by the Law Society, Solicitors Regulation Authority, HMLR and current Money Laundering Regulations to certify that the have verified the identity of their clients. It will also be a requirement of your bank if you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and DOB.