All was ready to move into my new home in Elephant and Castle next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
All property lawyers 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 Part 2 requirements. These obligations are not unique to conveyancing in Elephant and Castle.
My property lawyer in Elephant and Castle has never been on on the Virgin Money Approved Panel. Can I still continue with my family solicitor even though they are excluded from the Virgin Money panel of approved conveyancing solicitors?
The limited options open to you here include:
- Carry on with your preferred Elephant and Castle solicitors but Virgin Money will need to retain a lawyer on their panel. This will inevitably rack up the total legal charges as well as cause frustration.
- Choose an alternative lawyer to to deal with the conveyancing, remembering to check they are Virgin Money approved.
- Persuade your Virgin Money based solicitor to attempt to join the Virgin Money panel
My wife and I are purchasing a house in Elephant and Castle. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to deposit our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are aiming to move house in April. Will my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you suggest a removal company in Elephant and Castle. Conveyancing solicitor was chosen prior to coming across your page.
On the afternoon of completion you will need to collect the keys from your selling agent however this can only happen when the previous owners lawyers inform the agent that they have the completion monies and the keys can be handed over. Subsequently you should advise the removal men that they can start moving you in. As a matter of policy we do not recommend a specific removal organisation but can help you locate a conveyancing in Elephant and Castle or a firm with expertise in conveyancing in Elephant and Castle.
I currently have a mortgage with Leeds Building Society for my property in Elephant and Castle. Conveyancing has been completed 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Leeds Building Society?
Your original mortgage agreement with Leeds Building Society will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel solicitor.
I have justbecome aware that Stirling Law have closed. They conducted my conveyancing in Elephant and Castle for a purchase of a freehold house 18 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Elephant and Castle conveyancing specialists.
I have been sourcing a conveyancing lawyer in Elephant and Castle for my purchase. Is there any facility to review a solicitor's record with the legal regulator?
One may review presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.
I am an executor of my recently deceased parent's Will, with a house in Elephant and Castle which will be marketed. The house is unregistered at HMLR and I'm advised that some estate agents will insist that it is in place before they'll move forward. What's the mechanism for this?
In the situation that you have set out it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.