I am hoping to move into my new home in Chipping Campden next Monday. 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 lender. 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 requirements. These obligations are not specific to conveyancing in Chipping Campden.
Is it correct that all Chipping Campden CQS (Conveyancing Quality Scheme) solicitors are on the Barclays conveyancing list of approved firms?
A selection of banks and building societies now make use of the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
We previously appointed conveyancing lawyers based in Chipping Campden on the Skipton solicitor panel. They are now charging me a further fee for the legal aspects of the Skipton mortgage. Is this an additional conveyancing fee set by Skipton?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your property lawyer may levy a fee for this. This fee is not dictated by Skipton but by your Chipping Campden conveyancing practitioner. Plenty of firms on the Skipton panel will quote an ‘acting for lender’ fee and others do not.
I recently had an offer agreed on a house in Chipping Campden. My financial adviser suggested a conveyancer. I paid an on account payment of £150. Shortly after, the conveyancing practitioner called me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I bought my home on 12 June and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Chipping Campden said it would be registered inside ten days. Are titles in Chipping Campden uniquely lengthy to register?
As far as conveyancing in Chipping Campden registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry must send notices to any other parties. At present approximately 80% of submission are completed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place after the purchaser is living at the property therefore an expedited registration is not typically primary concern yet if it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
I decided to have a survey done on a house in Chipping Campden ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks will refuse to issue a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chipping Campden. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for some conveyancing in Chipping Campden. I've chance upon a site which appears to be the ideal offering If there is a chance to get all the legals completed via web 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?
I was told by my lender that their approved solicitors operate no completion no fee basis for conveyancing in Chipping Campden. I had a purchase abort and now the conveyancers have invoiced for search fees! They are claiming that the fees are seperate!
in offering "no completion no fee" Chipping Campden conveyancing practices are waiving their charges for any work conducted. We should point out that this is NOT an insurance scheme. Disbursements aren’t covered – where the conveyancer have to pay money out to third parties, for instance Chipping Campden local search fees