Due to move into my new home in Atherstone next Monday. 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 bank. What risks does the lender expect the insurance 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 limited to conveyancing in Atherstone.
Can your site be used to recommend a Conveyancing solicitor in Atherstone even where I’m not buying or disposing of a house, for instance if I wish to acquire an office in Atherstone with a loan from Leeds Building Society?
Our comparison service is primarily utilised to help choose residential conveyancing solicitors in Atherstone but we have listed at the end of this page a selection of Atherstone commercial conveyancing firms. You will need to make contact with the firm directly to establish if they are also authorised to represent Leeds Building Society
Is it correct that all Atherstone CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing list of approved solicitors?
A selection of lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
How can we tell if a Atherstone conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Atherstone seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor carrying out your conveyancing.
I have decided to exercise my right to buy my property in Atherstone off the council. I have a mortgage offer with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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 Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I am purchasing a new build house in Atherstone benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not reveal to my lawyer about this deal as it would jeopardize my mortgage with Alliance & Leicester . Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the guidance of my in-laws I had a survey completed on a house in Atherstone prior to retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Atherstone. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking to buy a property and require a conveyancing solicitor in Atherstone who is on the bank approved panel. Can you recommend a Atherstone or local Atherstone conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Atherstone. We dont recommend any particular conveyancing practice.