Due to move into my new home in Burton upon Stather next Monday. My lawyer 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 lender. What does the insurance need 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 conditions. These obligations are not unique to conveyancing in Burton upon Stather.
It is is a decade since I purchased my home in Burton upon Stather. Conveyancing solicitors have recently been retained on the sale but I am unable to locate my title deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be retained by your lender or they could be in the possession of the lawyers who handled your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Burton upon Stather relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when buying a house in Burton upon Stather? or I am told that there is a law dating back centuries that means some homeowners living in a parish church boundary will be compelled to contribute towards maintenance to the chancel within the church. Is this suitable for conveyancing in Burton upon Stather?
Unless a previous purchase of the property took place after 12 October 2013 you can assume that lawyers carrying out conveyancing in Burton upon Stather to remain encouraging a chancel search and or insurance against a claim.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Burton upon Stather I like with a park and station nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Burton upon Stather in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
My husband and I are first time buyers - agreed a price, but the selling agent told us that the vendor will only move forward if we use the agent's recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is familiar with conveyancing in Burton upon Stather
We suspect that the seller is unaware of this ultimatum. If they desire ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you are going to use your preferred Burton upon Stather conveyancing lawyers - rather thanthe ones that will provide the estate agent a introducer fee or meet his conveyancing figures pre-set by HQ.
Is it the case that all Burton upon Stather property lawyers on every bank conveyancing panel?
You can use our search tool or you can drop into your high street bank branch in Burton upon Stather. Chances are that they will know some good conveyancing solicitors in Burton upon Stather