Due to complete my purchase in Stoke Sub Hamdon next Friday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. What risks does the mortgage company expect the insurance to cover?
Any lawyer 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 Part 2 instructions. These obligations are not unique to conveyancing in Stoke Sub Hamdon.
Can I use your services to find a Conveyancing solicitor in Stoke Sub Hamdon even if I’m not buying or disposing of a house, for instance where I intend to buy an office in Stoke Sub Hamdon with a loan from Barclays Direct?
Our comparison service is predominantly used to get a quote from domestic conveyancing solicitors in Stoke Sub Hamdon but we have set out towards the bottom of this page a few Stoke Sub Hamdon commercial conveyancing firms. You will need to enquire with the company directly to see if they are also authorised to represent Barclays Direct
I have 70 years remaining on my lease and need a lease extension for my apartment in Stoke Sub Hamdon. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/4/2024 the requirements read as follows :
I have recentlybeen informed that Stirling Law have closed. They conducted my conveyancing in Stoke Sub Hamdon for a purchase of a leasehold flat 12 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest method to check 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 Stoke Sub Hamdon conveyancing specialists.
My step-father has urged me to use his conveyancers in Stoke Sub Hamdon. Should I use them?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to have referrals from friends or family who have actually used the conveyancer that you are are thinking of instructing.
Much to my surprise my conveyancer in Stoke Sub Hamdon is asking me for ID documents saying that this is part of his obligations as a conveyancer on the lender Solicitor panel. Can you confirm whether this is the case?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the mortgage company. This is not unique to conveyancing in Stoke Sub Hamdon