All was ready to complete my purchase in New Eltham next Monday. My conveyancer 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 risks does the mortgage company expect the insurance 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 specific to conveyancing in New Eltham.
Are there restrictive covenants that are commonly picked up during conveyancing in New Eltham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in New Eltham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Are there any apps to help identify a New Eltham law firm on the HSBC Bank 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 select a bank and your location and you will see a number of New Eltham conveyancing lawyers locally. We have listed some New Eltham conveyancing firms towards the end of this page and you can call them to verify if they are on the HSBC Bank panel
We are four weeks into a residential purchase having been referred to conveyancers by the local agent to do our conveyancing in New Eltham. I am am extremely dissatisfied with the level of service. Could you help me find new lawyers?
They would have to be very poor to suggest diss instructing them. Has your loan offer been sent? If so you must make them aware of the new contact details and ensure the mortgage documents are issued to the new lawyers. The conveyancer needs to be on the banks panel to avoid supplemental costs and frustration. So that should be your first question of the new conveyancers. Our search tool can assist you in finding a bank approved solicitor for your conveyancing in New Eltham
Due to exchange soon on a garden flat in New Eltham. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in New Eltham should include some of the following:
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Advice concerning the obligations as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the wider rights a lessee enjoys Will you be prohibited or prevented from having pets in the property? What options are open to you if a neighbour breaches a clause of their lease? Where does the liability rest to repair and maintain the main walls and foundations. It is essential that you know who is duty bound to repair and maintenance of every part of the building Who has the liability for repairing the window frames
I am the leaseholder of a first flat in New Eltham. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
You certainly can. We can put you in touch with a New Eltham conveyancing firm who can help.
An example of a Lease Extension decision for a New Eltham property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
What are my options where I am dissatisfied with the property lawyer who carried out our conveyancing in New Eltham?
Occasionally the level of service you receive is not as you expect, and unfortunately every so often things do go wrong. That being said there is recourse where you were not happy with your conveyancing in New Eltham. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If things still aren’t sorted out you may consider getting in touch with the Legal Ombudsman.