All was ready to complete my purchase in Woodford Green next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the lender expect the insurance to cover?
Any lawyer 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 UK Finance Lenders’ Handbook requirements. These requirements are not unique to conveyancing in Woodford Green.
At what point will exchange of contracts happen for domestic conveyancing in Woodford Green and am I required to attend the conveyancers branch?
Where you are local to one of the conveyancing solicitors in Woodford Green you are welcome to attend to sign contracts. However, the law practices we work with provide a national conveyancing service and provide just as comprehensive and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not when everything is set in stone. Signing on the dotted line simply enables the firm to officially exchange at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Woodford Green)to be in the office at the appropriate time.
We previously chose solicitors with offices in Woodford Green on the Coventry BS solicitor approved list. They have just billed me a supplemental fee for the legal aspects of the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor can levy a fee for this. The fee is not dictated by Coventry BS but by your Woodford Green conveyancer. Some firms on the Coventry BS panel will quote ’dealing with mortgage’ fee but some practices include it on their overall fee.
Two weeks ago we had a mortgage agreed in principle with Kent Reliance. Woodford Green conveyancing lawyers were selected. How long does it take for Kent Reliance to issue the offer to the lawyer?
There is no definitive answer here. Have Kent Reliance completed the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
After shopping around on the internet I have found a Woodford Green conveyancing practitioner having checked that they are on the Clydesdale conveyancing panel. Does my lawyer arrange the survey of the property?
Clydesdale will need an independent valuation of the property. Your lawyer will not arrange this. Usually Clydesdale will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Woodford Green surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My relative suggested that where I am purchasing in Woodford Green I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Woodford Green conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Woodford Green around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Woodford Green Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Woodford Green.
In what way does the Landlord & Tenant Act 1954 affect my commercial premises in Woodford Green and how can your lawyers assist?
The particular law that you refer to affords security of tenure to business lessees, granting the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Woodford Green
I need to appoint a conveyancing solicitor for freehold conveyancing in Woodford Green. I have chance upon a site which seems to have the perfect answer If it is possible to get all the legals done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?