Due to complete my purchase in Bosham next Thursday. 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 lender. What risks does the bank expect the insurance to cover?
All property lawyers on acting for mortgage companies 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 unique to conveyancing in Bosham.
Finally the sale completed on my house in Bosham last January but my buyer keeps Skype messaging me complaining that his solicitor is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor is committed to send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer must also evidence that the legal charge in favour of the lender has been redeemed to the purchasers conveyancers. There are no post completion steps peculiar conveyancing in Bosham.
Do I need to take out insurance to address the risk of chancel repairs when buying a residence in Bosham?
Unless a prior acquisition of the property completed after 12 October 2013 you may assume that lawyers delivering conveyancing in Bosham to continue to suggest a chancel search and or chancel repair liability insurance.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Bosham is where the house is located. Can you offer any guidance?
Flying freeholds in Bosham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bosham you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bosham may determine 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 property.
As co-executor for the will of my grandmother I am disposing of a house in Swansea but live in Bosham. My conveyancer (based 200 kilometers awayhas requested that I execute a stat dec ahead of completion. Could you suggest a conveyancing lawyer in Bosham who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Bosham
My mum and dad cant seem to find their Bosham land registry title on the website. They have a vague recollection sixty years ago when they acquired the house there were complications concerning the post code not being recognised in some systems.
Almost all properties in Bosham should be revealed. Have you attempted a search with just the postcode. Normally it will disclose all the houses and flats within the postcode. Where registered it will be there with a title number. If they bought fifty years ago it's conceivable it may be not yet registered. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title deeds which might be with your parent’s mortgage company.