I am hoping to move into my new home in Hampden Pk next Monday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. What does the insurance need to cover?
Any lawyer 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 instructions. These obligations are not specific to conveyancing in Hampden Pk.
My Conveyancer in Hampden Pk is not on the Britannia Solicitor Panel. Can I still retain my family solicitor even though they are not on the Britannia approved list?
Your options are as follows:
- Complete the purchase with your preferred Hampden Pk solicitors but Britannia will need to retain a conveyancer on their list of acceptable firms. This will result in additional total legal fees and result in delays.
- Get a new lawyer to act in the purchase, not forgetting to check they are on the Britannia panel
I have been told that property searches are the primary reason for obstruction in Hampden Pk house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Hampden Pk.
How does conveyancing in Hampden Pk differ for newly converted properties?
Most buyers of new build or newly converted property in Hampden Pk come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Hampden Pk tend to buy the site, 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 conveyancing solicitors 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 Hampden Pk or who has acted in the same development.
Given that I am about to spend 450k on a garden flat in Hampden Pk I would like to talk to a solicitor regarding theconveyancing ahead of instructing the firm. Is this something that you can arrange?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your property ownership legalities in Hampden Pk.There is no ‘factory style conveyancing’ - every client is unique person, not a case reference. The practices that we put you in touch with believe that the figure you are provided with for residential conveyancing in Hampden Pk should be the figure that you are charged.
We expect to complete our sale of a £475,000 maisonette in Hampden Pk next Tuesday. The landlords agents has quoted £396 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Hampden Pk?
Hampden Pk conveyancing on leasehold apartments nine out of ten times involves fees being invoiced by landlords agents :
Completing pre-contract questions
Where consent is required before sale in Hampden Pk
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I inherited a split level flat in Hampden Pk, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Hampden Pk with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease comes to an end on 21st October 2075
With only 55 years unexpired the likely cost is going to be between £31,400 and £36,200 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.