All was ready to move into my new home in Builth Wells next Thursday. My lawyer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. 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 Builth Wells.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Builth Wells. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/1/2026, the requirements read as follows :
It has been five months following my purchase conveyancing in Builth Wells took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What tools are available to search for a Builth Wells law firm on the Platform Home Loans Ltd conveyancing panel? I am a keen cyclist and am happy to travel upto 20miles to meet the conveyancer.
You can use the tool on this website. Please select a lender and your location and you will see a number of Builth Wells conveyancing lawyers located nearest you. We have detailed some Builth Wells conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Platform Home Loans Ltd approved list
We expect to complete our sale of a £450,000 garden flat in Builth Wells next Monday. The management company has quoted £300 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Builth Wells?
Builth Wells conveyancing on leasehold apartments usually requires the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries most will be content to do so. They are entitled to levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is £350, in some cases it exceeds £800. The management information fee demanded by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration fees, without which the charge is not strictly payable. Reality however dictates that you have little choice but to pay whatever is requested of you should you wish to sell the property.
Builth Wells Leasehold Conveyancing - Examples of Queries before buying
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Does the lease have onerous restrictions? Are any of leasehold owners in arrears of their service charge payments?
Are you able to explain what options are open to me where my Builth Wells conveyancing searches reveals detrimental results?
Usually, the majority of problems that arise in Builth Wells conveyancing search results can be dealt with before completion or title insurance could possibly be put on cover. It is crucial to remember that regardless of the fact that you may be purchasing the premises and might be willing to accept the search results, your mortgage lender may not, and ultimately the decision rests with them.