Due to move into my new home in Northwick Park next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the lender. What risks does the bank 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 UK Finance Lenders’ Handbook instructions. These obligations are not specific to conveyancing in Northwick Park.
In what way does my ID and proof of funds have anything to do with my conveyancing in Northwick Park? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the potential client they are dealing with prior to agreeing to accepting their conveyancing business. The Terms and Conditions that you need to sign should reaffirm this. Your lender will also require certain documents to be viewed. If you are unwilling to supply ID verification documents, your lawyer will not be able to take you on as a client.
The deeds to our property are lost. The conveyancers who handled the conveyancing in Northwick Park 4 years ago are no longer around. What do I do?
In today’s world there are copies made of almost everything, and your conveyancer will be aware exactly where to find all the relevant documentation so you can purchase or dispose of your property without any difficulty. Where copies can’t be found, your solicitor may be able to put in place insurance or indemnities against future claims on your property.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Northwick Park is where the house is located. What do you suggest?
Flying freeholds in Northwick Park are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Northwick Park you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northwick Park may ascertain 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 premises.
Is it possible to swap conveyancer as I have to instruct a firm on the Halifax conveyancing panel. I was using a high street conveyancing solicitor in Northwick Park five minutes from me but she is not approved by Halifax
We will our best to assist in finding you a conveyancing solicitor in Northwick Park on the Halifax panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Northwick Park. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Northwick Park.
My father has suggested that I instruct his conveyancers in Northwick Park. Should I choose my own conveyancer?
There are no two ways about it the best way to find a conveyancing solicitor is to get feedback from friends or family who have experience in using the conveyancer you're are thinking of instructing.