Due to complete my purchase in Axbridge next Friday. My lawyer 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 bank expect the insurance 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 conditions. These requirements are not unique to conveyancing in Axbridge.
I'm in the process of viewing houses in Axbridge and I am about to put in an offer. Should I already have a conveyancing practitioner in place at this stage? I am planning to take a mortgage with Co-operative.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are getting a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
I recently had an offer accepted on a house in Axbridge. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £150. A few days later, the solicitor called me sheepishly admitting that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
About to purchase maisonette in Axbridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Axbridge conveyancing practitioner is on the Nottingham conveyancing panel.
Have completed on a a detached house in Axbridge , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Axbridge conveyancing solicitor works at snail pace, so I want to be sure that my ownership is registered.
As far as conveyancing in Axbridge is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can adjust according to who lodges the application, whether there are errors and whether the Land registry have to notify any third parties. As of today in the region of 80% of submission are completed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration is effected once the buyer has moved in to the property thus an expedited registration is not always primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
Is it possible to switch conveyancer as I need to appoint a firm on the Bank of Scotland conveyancing list. I hired a family conveyancing solicitor in Axbridge round the corner but she is not accepted by Bank of Scotland
It would be our pleasure to assist you find a conveyancing solicitor in Axbridge on the Bank of Scotland panel. Please note that the conveyancers that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Axbridge. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Axbridge.
I am looking for a conveyancing practitioner in Axbridge for my home move. Is there any facility to check a firm’s record with the profession’s regulator?
One may read published Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could recorded call for training purposes.
I recently discovered that one of the partners of the firm acting on the purchase conveyancing in Axbridge is an uncle of the seller. Is this acceptable?
Provided no conflict arises this is permitted. If you are obtaining a mortgage then the bank may have a say as many lenders have specific instructions on this. For example for Royal Bank of Scotland as of 13/12/2024, the requirements read as follows :