All was ready to move into my new home in Bankside next Friday. My property lawyer 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 risks does the lender 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 UK Finance Lenders’ Handbook instructions. These requirements are not specific to conveyancing in Bankside.
Why is leasehold purchase conveyancing in Bankside is more expensive?
Bankside leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Bankside. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/9/2025, the requirements read as follows :
Various web forums that I have come across warn that are a common reason for obstruction in Bankside conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Bankside.
What does commercial conveyancing in Bankside cover?
Bankside conveyancing for business premises incorporates a broad range of services, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Me and mypartner and I are are looking to find an affordable conveyancing lawyer in Bankside to help me sell my place. I I am concerned about appointing the wrong one and there are many Bankside conveyancing organisations to choose from...who do I opt for?
To get quotes for your move from the conveyancing firms that offers services in Bankside please make the most of our quote tool.