Due to move into my new home in Corby next Friday. My property lawyer now wants me to supply her with evidence 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 requirements. These requirements are not specific to conveyancing in Corby.
Can your site be used to find a Conveyancing solicitor in Corby even if I’m not buying or disposing of a house, for example where I intend to buy an office in Corby with a loan from Lloyds TSB Bank?
The service is predominantly utilised to find residential conveyancing solicitors in Corby but we have recorded at the bottom of this page a few Corby commercial conveyancing firms. You will need to speak with the firm directly to check if they are also authorised to represent Lloyds TSB Bank
I have just over seventy years left on my lease and need a lease extension for my flat in Corby. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/4/2024 the requirements read as follows :
Have just purchased a repossessed house at auction in Corby. Conveyancing is necessary. What are my next steps?
Now that you are to in every practical sense signed on the dotted line you should choose a conveyancing solicitor as a matter of urgency as you now have a pending a drop dead date to complete the transaction. All auction property should have an associated legal pack. This will likely include evidence of title and search results. If you have purchased leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You need to give this to the lawyer instructed by you as soon as possible. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
Does a directory service exist listing Yorkshire BS panel solicitors in Corby on the Building Society Association’s Website?
No. There is no such tool on the CML or Building Society Association websites. Very few lending institutions make their panel listings visible online. Where you are in need of a Corby lawyer on the Yorkshire BS please make the most of our tool.
We have agreed to purchase a house in Corby. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
Given that you are obtaining a mortgage with Yorkshire BS your lawyer must comply with the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Yorkshire BS. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Yorkshire BS where a lease fails to meet these conditions. The provisions relate to the installation of panels on properties nationwide and is not isolated to Corby.
About to purchase a new build flat in Corby. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Corby
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared.
I decided to have a survey done on a house in Corby in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders will refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Corby. Conveyancing will be smoother if you use a solicitor in Corby especially if they regularly deal with such properties in Corby.