Due to move into my new home in Lansbury next Thursday. My lawyer 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 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 Part 2 conditions. These obligations are not limited to conveyancing in Lansbury.
I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Lansbury for a purchase of a freehold house 9 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the property is in your name, you can make 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 Lansbury conveyancing specialists.
I am buying my first flat in Lansbury benefiting from help to buy. The builders would not reduce the price so I negotiated 6k of extras instead. The property agent told me not inform my conveyancer about this extras as it will adversely affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Lansbury is the location of the property. Is there any advice you can give?
Flying freeholds in Lansbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lansbury you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lansbury may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Are there any apps to help locate a Lansbury law firm on the Clydesdale conveyancing panel? I am a keen cyclist and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the search on this page. Please pick a bank and your location and you will see a number of Lansbury conveyancing lawyers based on proximity. We have listed some Lansbury conveyancing firms towards the end of this page and you can contact them to verify if they are on the Clydesdale approved list
Do I stop my mortgage payments with Barclays as soon as a completion date for my sale in Lansbury has been agreed?
You are best advised to keep paying any mortgage sums to Barclays pending the mortgage being repaid on completion as part of your Lansbury conveyancing.