Due to move into my new home in Byker and Walker next Friday. My property 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 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 conditions. These obligations are not unique to conveyancing in Byker and Walker.
I am currently in the process of buying my council flat in Byker and Walker. I have a mortgage offer with Kent Reliance. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
I am selling my flat. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Co-operative are being difficult. The Byker and Walker solicitor who is on the Co-operative conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Co-operative are insisting on a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase apartment in Byker and Walker. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Byker and Walker conveyancer is on the HSBC conveyancing panel.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who did the conveyancing in Byker and Walker 5 years ago no longer exist. What do I do?
You no longer need to have the physical original deeds to evidence that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
Due to the guidance of my in-laws I had a survey completed on a house in Byker and Walker before retaining solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Byker and Walker. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to swap firm as I need to select a firm on the Accord Mortgages Ltd conveyancing list. I was using a family conveyancing solicitor in Byker and Walker five minutes from me but he is not approved by Accord Mortgages Ltd
It would be our pleasure to help you find a conveyancing solicitor in Byker and Walker on the Accord Mortgages Ltd panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Byker and Walker. Using search facility on this page, you can compare fees for conveyancing solicitors in Byker and Walker and beyond.
My folks are unable to locate their Byker and Walker property on the HMLR website. They recall that back in the 60’s when they purchased the bungalow there were complications concerning the address not being recognised in some systems.
The vast majority of residences in Byker and Walker should show up. Have you limited your search with simply the postcode. Normally it should mention all the houses and flats inside the postcode. Assuming the property is registered it will be there with a title number. If they bought 50 years ago it's conceivable it may be unrecorded. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s lender.