Due to move into my new home in Fordingbridge next Tuesday. 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 mortgage company. 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 UK Finance Lenders’ Handbook conditions. These requirements are not limited to conveyancing in Fordingbridge.
How up to date is your database of Fordingbridge solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Fordingbridge conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
Are the BSA planning on creating a online directory to to identify solicitors on the Earl Shilton BS conveyancing panel for instance in Fordingbridge?
We have not been informed any intention on the part of the BSA to develop such a register.
We are planning to move house in August. Should my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Fordingbridge. Conveyancing lawyer was chosen prior to coming across your page.
On the afternoon of completion you will need to pick up the keys from the property agent but this can only take place once the vendors conveyancers advise the agent that the monies to complete are in and the keys can be handed over. Subsequently you will need to tell the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can help you find a conveyancing in Fordingbridge or a lawyer with expertise in conveyancing in Fordingbridge.
We had chosen conveyancing lawyers located in Fordingbridge on the Barclays solicitor panel. They have just invoiced me a further amount for handling the Barclays mortgage. Is this a supplemental conveyancing fee set by Barclays?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your solicitor can levy a fee for this. The charge is not dictated by Barclays but by your Fordingbridge solicitor. Some firms on the Barclays panel will charge ’dealing with mortgage’ fee and others do not.
I'm in the process of viewing houses in Fordingbridge and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Principality.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are taking out a mortgage with Principality, make sure you remember to check that your lawyer is on the Principality conveyancing panel.
Will my lawyer be raising enquiries regarding flooding as part of the conveyancing in Fordingbridge.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Fordingbridge. There are those who purchase a house in Fordingbridge, fully expectant that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a number of checks that can be carried out by the purchaser or by their conveyancers which should give them a better understanding of the risks in Fordingbridge. The conventional set of information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to find out if the premises has suffered from flooding. In the event that the property has been flooded in past which is not revealed by the vendor, then a purchaser may issue a claim for damages stemming from an incorrect reply. The buyer’s lawyers will also conduct an enviro search. This will disclose if there is a recorded flood risk. If so, more detailed investigations should be carried out.
Due to the guidance of my in-laws I had a survey completed on a property in Fordingbridge ahead of retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies may refuse to give a loan on such a home.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Fordingbridge. Conveyancing may be slightly more expensive based on your lender's requirements.