My mortgage broker has requested my Broad Haven lawyer’ panel reference for the HSBC conveyancing panel. What is the best way to find this out. I have tried my local Broad Haven branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Broad Haven lawyer . They keep a central record lender panel numbers.
I am hoping to move into my new home in Broad Haven next Thursday. My solicitor 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 risks does the mortgage company 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 requirements. These requirements are not specific to conveyancing in Broad Haven.
It is is a decade since I acquired my home in Broad Haven. Conveyancing lawyers have just been appointed on the sale but I am unable to locate the deeds. Will this cause complications?
Don’t worry too much. Firstly there is a possibility that the deeds will be with your lender or they could be archived with the solicitor who handled the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in Broad Haven relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Broad Haven. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/11/2024, the requirements read as follows :
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Broad Haven is where the house is located. Can you shed any light on this issue?
Flying freeholds in Broad Haven are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Broad Haven you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Broad Haven 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 residence.
What is the reason for new build conveyancing in Broad Haven being more expensive?
Acquiring a new build home is significantly different from the normal house purchase conveyancing in Broad Haven. Firstly housebuilders normally require contracts to exchange inside a short timeframe, the result being a a great deal of pressure on your conveyancing practitioner to ensure everything is in order. In addition new build conveyancing frequently involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage company obligations are also more detailed. Given the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.