I am getting a mortgage with Santander. I hope to employ the services of a Licensed Conveyancer in Rainham. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Due to move into my new home in Rainham next Friday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
All property lawyers 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 conditions. These obligations are not specific to conveyancing in Rainham.
Will our solicitor be making enquiries concerning flooding as part of the conveyancing in Rainham.
The risk of flooding is if increasing concern for solicitors dealing with homes in Rainham. Some people will buy a property in Rainham, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, but there are a numerous checks that may be undertaken by the purchaser or by their solicitors which can give them a better understanding of the risks in Rainham. The standard completed inquiry forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the vendor to find out if the property has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer may bring a compensation claim as a result of such an misleading reply. A buyer’s lawyers will also order an environmental report. This will reveal whether there is a recorded flood risk. If so, additional investigations should be conducted.
Are there restrictive covenants that are commonly identified as part of conveyancing in Rainham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Rainham. 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…’
My brother has encouraged me to appoint his lawyers for conveyancing in Rainham. Do I follow his guidance?
Much as we are happy to recommend a Rainham conveyancing lawyer the ideal way to find a conveyancing lawyer is to get referrals from friends or family who have experience in using the solicitor you're are thinking of instructing.
My partner and I yesterday found out that one of the directors of the conveyancing practice handling the purchase conveyancing in Rainham is an aunty of the owners that we are buying from. Is this permitted?
Provided there is no conflict of interest this is permitted. If you are requiring mortgage finance then the lender may have a say as many mortgage companies have specific instructions on this. For example for Leeds Building Society as of 28/11/2020, the requirements read as follows :
? a different person deals with the conveyance (i.e. not the borrower);
? there is no conflict of interest and none arises during the transaction; and
? the Law Society guidelines are followed.