Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Shenfield. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/9/2020, the requirements read as follows :
My wife and I are purchasing a flat in Shenfield. I might seem paranoid but how we can trust a solicitor? On completion day we have to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We were going to get a AIP from Kent Reliance this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Shenfield solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Shenfield solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I'm spending time viewing flats in Shenfield and I am now considering a potential offer. Should I already have a property lawyer appointed at this stage? I intend to finance via a mortgage with Yorkshire BS.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. As you are taking out a mortgage with Yorkshire BS, ask your prospective lawyers if they are on the Yorkshire BS conveyancing panel otherwise they can't do the mortgage legal work.
Despite weeks of looking the Title Certificate and documents to my property are lost. The lawyers who handled the conveyancing in Shenfield 10 years ago have long since closed. What do I do?
Gone are the days when you need to hold title original deeds to prove you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Shenfield is the location of the property. Can you offer any opinion?
Flying freeholds in Shenfield are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shenfield 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 Shenfield 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 property.
I'm refinancing my current house to a BTL mortgage with Santander and intend to use the remaining equity towards another property. The neighborhood we are looking at is Shenfield. Will your conveyancers be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our comparison tool on this site to be sure that the lawyers are approved by both mortgage companies. Having checked that they are your lawyer should be able to simultaneously deal with the two transactions but you should talk with you lawyer and make clear your desired outcome and requirements.
I would be grateful if you could explain what my options are where my Shenfield conveyancing searches reveals negative entries?
Normally, most problems that arise in Shenfield conveyancing search responses can be addressed before completion or title insurance may be taken. You should note that although you intend on acquiring the premises and may be content to accept the search results, your mortgage lender may not, and when all said and done have the final decision.