Due to complete my purchase in Kingston upon Thames next Monday. 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?
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 unique to conveyancing in Kingston upon Thames.
My fiance and I wish to acquire a newly converted apartment in Kingston upon Thames with a residential mortgage from Halifax.We like our Kingston upon Thames conveyancing practitioner but Halifax informed us he's not listed on their approved list of member firms. It seems we are left with little choice but to instruct a Halifax panel lawyer or retain our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan offered to you contains various provisions, a common one being that conveyancers will be on the Halifax approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Halifax
My bid for a property was accepted at auction in Kingston upon Thames. Conveyancing is necessary. What is next?
Given that you have now exchanged you should find a conveyancing lawyer quickly as you now have a tight a drop dead date to complete the transaction. All auction property will ordinarily have an associated legal pack. This should include evidence of title and search results. In the case of leasehold property the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You should give this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
This question may be naive but I am new to the process as FTB of a two bedroom flat in Kingston upon Thames. Do I collect the keys to the property on completion from my lawyer? If this is the case, I will find a High Street conveyancing solicitor in Kingston upon Thames?
On the day of completion you will not be required to attend the conveyancers office in Kingston upon Thames. Conveyancing lawyers for you will transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you should be invited to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
Completion of my purchase has taken place for my property in Kingston upon Thames. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I opted to have a survey done on a property in Kingston upon Thames in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders will refuse to grant a loan on such a premises.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kingston upon Thames. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are one month into a residential purchase having been referred to solicitors by the high street agent to carry out the conveyancing in Kingston upon Thames. I am am starting to be disappointed with the quality of service. Could you help me find new solicitors?
They would need to be really bad in order to consider replacing them. Has your loan offer been sent? If so you must inform them of the replacement conveyancer and have the loan are issued to the new lawyers. Your solicitor ideally should be on the mortgage company panel to avoid supplemental charges and complications. So that should be your starting point. Our search tool will assist you in finding a lender approved lawyer for your home move in Kingston upon Thames
I need to find a lender panel solicitor in Kingston upon Thames. Can you assist?
Unfortunately it’s not apparent why you need a Kingston upon Thames panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Kingston upon Thames are on their panel . If you do find such a firm in Kingston upon Thames not listed please direct them to our site to list. After all the cost is only one £1 a month