I am hoping to move into my new home in Charlbury next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
Any lawyer 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 Part 2 instructions. These requirements are not limited to conveyancing in Charlbury.
A friend advised me that in buying a property in Charlbury there could be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
We are aware of a number of properties in Charlbury which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Charlbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I buying a 3 bedroom semi in Charlbury. We would like to convert the garage to a playroom at the house.Will the conveyancing process involve checks to ascertain if these works are allowed?
Your solicitor should check the registered title as conveyancing in Charlbury can occasionally identify restrictions in the title deeds which prohibit categories of changes or require the permission of another owner. Certain additions need local authority planning consent and approval under the building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these issues with a surveyor ahead of any purchase.
Two weeks ago we had a mortgage agreed in principle with HSBC. Charlbury conveyancing practitioners were appointed. How long does it take for HSBC to issue the offer to the lawyer?
There is no definitive answer here. Have HSBC conducted the valuation? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
The deeds to my home can not be found. The solicitors who did the conveyancing in Charlbury 10 years ago have long since closed. Will I be able to sell the house?
Assuming the title is registered the information relating to your ownership will be recorded by HMLR under a Title Number. It is possible to conduct a search at the Land Registry, find your property and order up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will also normally retain a file duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Charlbury I like with a park and railway links nearby, however it's only got 52 years unexpired on the lease. There is not much else in Charlbury in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
Is it possible to swap solicitor as I need to select a firm on the Skipton Building Society conveyancing panel. I was using a local conveyancing solicitor in Charlbury round the corner but the firm is not accepted by Skipton Building Society
It would be our pleasure to help you select a conveyancing solicitor in Charlbury on the Skipton Building Society panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Charlbury. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Charlbury.
I need to find a conveyancing solicitor for some conveyancing in Charlbury. I have chance upon a web site which seems to have the ideal answer If there is a chance to get all this stuff completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?