I am hoping to complete my purchase in Thorpe Astley next Friday. My solicitor 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 does the insurance need to cover?
All property lawyers on acting for banks 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 requirements. These requirements are not unique to conveyancing in Thorpe Astley.
We see that you have a search directory identifying law firms on the Santander conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Thorpe Astley?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Thorpe Astley.
3 months have gone by since my purchase conveyancing in Thorpe Astley completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Thorpe Astley differ for new build properties?
Most buyers of new build or newly converted property in Thorpe Astley come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Thorpe Astley usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Thorpe Astley or who has acted in the same development.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Thorpe Astley?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Thorpe Astley. Unlike many estate agents and brokerage sites we are not in the business of charging firms a fee if you choose them for your property ownership legalities in Thorpe Astley
Can you offer any advice when it comes to choosing a Thorpe Astley conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Thorpe Astley conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you speak with two or three firms including non Thorpe Astley conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
If the firm is not ALEP accredited then why not? How many lease extensions have they completed in Thorpe Astley in the last 12 months?
Leasehold Conveyancing in Thorpe Astley - A selection of Questions you should consider before Purchasing
You will want to discover as much as you can concerning the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to daily matters like the cleanliness of the communal areas. Ask other tenants if they are happy with them. In conclusion, investigate as to the dates that the service charges are due to the managing agents and precisely how they are spending that money. The best form of lease arrangement is a share of the freehold. In this situation the tenants have control and even though a managing agent is often retained where the building is larger than a house conversion, the managing agent employed by the leaseholders. How many years remain on the lease?