All was ready to move into my new home in Banbury next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the mortgage company. 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 conditions. These requirements are not limited to conveyancing in Banbury.
Are the Banbury conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?
Banbury conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
I have just over seventy years remaining on my lease and need a lease extension for my apartment in Banbury. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/8/2025 the requirements read as follows :
The deeds to my home are lost. The lawyers who dealt with the conveyancing in Banbury 5 years ago are no longer around. What are my options?
You no longer need to have the physical official documentation to evidence that you are the owner of your registered land or property, given that the Land Registry have everything they need in a digital format.
How does conveyancing in Banbury differ for newly converted properties?
Most buyers of new build premises in Banbury contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Banbury typically purchase the land, 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 conveyancing solicitors 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 Banbury or who has acted in the same development.
I require the services of a mortgage company panel solicitor in Banbury. Can you assist?
Unfortunately it’s not apparent why you need a Banbury panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Banbury are on their panel . If you do find such a firm in Banbury not listed please direct them to our site to list. After all the cost is only one £1 a month