Due to move into my new home in Woodford Green next Thursday. 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 mortgage company. What risks does the bank 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 Part 2 requirements. These obligations are not specific to conveyancing in Woodford Green.
The Woodford Green conveyancing lawyers that I recently instructed on my house acquisition in Woodford Green have suddenly closed. I only went with them because I had to have a solicitor on the Principality conveyancing panel and my previous Woodford Green lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Principality conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
My wife and I own a semi-detached Victorian house in Woodford Green. Conveyancing practitioner represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Woodford Green and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing practitioner who carried out the work.
Just had an offer accepted on a new build flat in Woodford Green. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Woodford Green
There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I'm refinancing my existing home to a buy to let mortgage with Leeds Building Society and intend to use the remaining equity towards further house. The location we are looking at is Woodford Green. Will your lawyers be able to act for the two lenders and link together the two deals?
Make use of our comparison tool on this site to ensure that the conveyancers are approved by both lenders. Having checked that they are the conveyancer will be able to tie up the two transactions but you should talk with you conveyancer and communicate your expectations and needs.
We are in the process of purchasing a home in Woodford Green. Can the solicitor have the amount we are are buying for confidential from the likes of Zoopla. How could this be achieved ?
The Land Registry by statute are bound to specify price sold information on the official title for domestic properties countrywide including premises in Woodford Green. The register of ownership is a public document, so HMLR would be breaking the law excluded specific properties such as your one in Woodford Green.
You can make a request of HM Land Registry to hide the price paid entry however the answer would be a No.