All was ready to complete my purchase in Redditch next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor 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?
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 instructions. These obligations are not specific to conveyancing in Redditch.
Are the Redditch conveyancing solicitors identified as being on the Nationwide conveyancing panel, together with their details provided by Nationwide?
Redditch conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
I have justbecome aware that Wolstenholmes have closed. They carried out my conveyancing in Redditch for a purchase of a leasehold flat 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest way to see if the property is registered to you, 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 Redditch conveyancing specialists.
Just had an offer accepted on a new build flat in Redditch. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Redditch
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Is it possible to swap solicitor as I need to select one who is on the Norwich and Peterborough Building Society conveyancing panel. I instructed a family conveyancing solicitor in Redditch round the corner but he is not accepted by Norwich and Peterborough Building Society
We will our best to assist in finding you a conveyancing solicitor in Redditch on the Norwich and Peterborough Building Society panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Redditch. Using search facility on this page, you can contrast charges for conveyancing solicitors in Redditch and beyond.
I need to instruct a conveyancing solicitor for freehold conveyancing in Redditch. I've chance upon a site which looks to be the ideal solution If it is possible to get all the legals done via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?