All was ready to complete my purchase in Barton Le Clay next Monday. My conveyancing practitioner now wants me to supply her with evidence 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 mortgage company. What does the insurance need to cover?
Any lawyer on acting for lenders 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 obligations are not unique to conveyancing in Barton Le Clay.
My uncle pointed out to me me that in purchasing a property in Barton Le Clay there may be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Barton Le Clay which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Barton Le Clay should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with Clydesdale. Barton Le Clay conveyancing practitioners have been instructed. What is the average time that one could expect to receive a mortgage offer from Clydesdale?
There is no definitive answer here. Have Clydesdale conducted the survey? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Barton Le Clay solicitor on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
My wife and I own a renovated Victorian house in Barton Le Clay. Conveyancing solicitor acted for me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barton Le Clay and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
I'm purchasing my first flat in Barton Le Clay with a mortgage from Santander. The builders refused to budge the price so I negotiated £7000 of extras instead. The sale representative advised me not disclose to my conveyancer about this extras as it would put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Barton Le Clay is the location of the property. Can you offer any advice?
Flying freeholds in Barton Le Clay are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Barton Le Clay you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Barton Le Clay may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is it true that a Barton Le Clay conveyancing company has court proceedings brought against them by clients for not carrying out comprehensive conveyancing searches?
Our attention has not be brought to such a Barton Le Clay conveyancing matter but according to a recent report, clients buying a property in Cumbria successfully won a claim against their solicitor due to development plans to erect a wind farm failing to be picked up in conveyancing searches.
If you are thinking of buying a home in Barton Le Clay It is essential that your conveyancer carry out all Barton Le Clay conveyancing searches needed to ensure you have accurate and up to date information ahead of purchasing a home in Barton Le Clay.