All was ready to move into my new home in Stoke Gifford next Monday. My property lawyer 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 risks does the lender expect the insurance to cover?
All property lawyers on acting for mortgage companies 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 requirements. These requirements are not limited to conveyancing in Stoke Gifford.
We are buying a flat in Stoke Gifford. I might seem paranoid but how we can trust a solicitor? At some point we have to send money into their account. What is the protection 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.
The formalities of my purchase has taken place for my property in Stoke Gifford. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Barclays have agreed my home loan in principle, my bid on a house in Stoke Gifford has been agreed to, what happens next?
Your property agent will need to be informed of your conveyancing practitioner's details (ensure that the solicitors are on the bank’s panel). Call up Barclays or the financial adviser and finalise any appropriate documentation. Barclays will appoint a valuer who will get in touch with the estate agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Barclays will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Stoke Gifford.
I have justbeen informed that Stirling Law have been shut down. They carried out my conveyancing in Stoke Gifford for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to check if the property is registered to you, you can carry out 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 Stoke Gifford conveyancing specialists.
I am selling my house. My past conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Stoke Gifford if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Stoke Gifford. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
Estate agents have just been given the go-ahead to market my 2 bed flat in Stoke Gifford. Conveyancing has not commenced, but I have just received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as you normally would as all ground rent and maintenance invoices should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a 2 bed flat in Stoke Gifford, conveyancing formalities finalised May 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Stoke Gifford with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease comes to an end on 21st October 2087
With 62 years remaining on your lease we estimate the price of your lease extension to be between £17,100 and £19,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
What is the average conveyancing fee for conveyancing in Stoke Gifford?
The average cost last year for conveyancing in Stoke Gifford was £1,395 not including Stamp Duty and Land Registry charges.