I am hoping to move into my new home in Newton Ferrers next Tuesday. My solicitor 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 bank expect the insurance 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 UK Finance Lenders’ Handbook conditions. These obligations are not unique to conveyancing in Newton Ferrers.
Can your site be used to find a Conveyancing solicitor in Newton Ferrers even if I’m not buying or selling a house, for instance where I intend to acquire an office in Newton Ferrers with a mortgage from Lloyds TSB Bank?
The service is primarily used to select residential conveyancing solicitors in Newton Ferrers but we have set out towards the bottom of this page some Newton Ferrers commercial conveyancing firms. You should speak with the solicitors directly to establish if they are also authorised to represent Lloyds TSB Bank
I had intended to instruct a conveyancing solicitor in Newton Ferrers for our house move. Our broker has since advised us that our mortgage lenders HSBC Bank won't deal with them. Surely this is unduly restrictive?
Before the recession most banks had a different appetite for risk. Almost all Newton Ferrers conveyancing firms would have been on many lender panels. The FSA in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms concerning their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum volume of conveyancing. Many Newton Ferrers conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Newton Ferrers is amongst the many locations where the conveyancers we recommend are are approved HSBC Bank.
I have a semi-detached Georgian house in Newton Ferrers. Conveyancing solicitor acted for me and Halifax. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the matching address. Is it worth asking Halifax to clarify?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newton Ferrers and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.
I am thinking of appointing a conveyancing solicitor in Newton Ferrers for my sale. Can I review a firm’s record with the profession’s regulator?
You may search for published Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.
Am in the process of purchasing my 1st house in Newton Ferrers. Conveyancing solicitor has been chosen. The mortgage adviser advised that a survey is not necessary as the house is just 20 yrs old.
You would be well advised to have a Home Buyer's Report. As the residence is more than 10 years old the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report may suffice. The report should highlight any apparent problems and recommend further investigation if appropriate. Where there are any indications of problems get a full Building Survey from the beginning.