I am hoping to complete my purchase in Rochester next Tuesday. My conveyancing practitioner 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 bank. 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 conditions. These requirements are not limited to conveyancing in Rochester.
We see that you have a post code search directory listing solicitors on the TSB conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Rochester?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rochester.
My father pointed out to me me that in purchasing a property in Rochester there may be various restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Rochester which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Rochester should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am aiming to move home in January. Does my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you recommend a removal company in Rochester. Conveyancing firm was organised prior to coming across this page.
On the afternoon of completion you can collect the keys from your selling agent but this should only occur once the sellers conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be given over. Subsequently you can advise the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal company but can assist you in locating a conveyancing in Rochester or a firm that specialises in conveyancing in Rochester.
Please help - my lawyer says that flying freehold insurance is required on my purchase. What is the level of cover for Rochester conveyancing?
The appropriate level of flying freehold indemnity insurance depends on your lender. It would differ for example between HSBC Bank and The Royal Bank of Scotland. Conveyancing lawyers as opposed to borrowers take out such policies.
I have todaybeen informed that Stirling Law have closed. They carried out my conveyancing in Rochester for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest way to check if the property is in your name, 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 Rochester conveyancing specialists.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Rochester is the location of the property. Is there any advice you can give?
Flying freeholds in Rochester are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rochester you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rochester 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.
Should I instruct a Rochester conveyancing lawyer who is local to the property I am buying? An old friend can carry out the legal formalities but her office is 300kilometers drive away.
The benefit of a local Rochester conveyancing practice is that you can pop in to sign documents, hand in your ID and pester them where appropriate. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were happy that should trump using an unknown Rochester conveyancing solicitor solely due to them being based in the area.