I am hoping to complete my purchase in Great Barford next Friday. My lawyer now wants me to supply her with evidence 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 does the insurance need to cover?
All property lawyers on acting for mortgage companies 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 Great Barford.
Are the Great Barford conveyancing solicitors identified as being on the RBS conveyancing panel, together with their details provided by RBS?
Great Barford conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
I need some expedited conveyancing in Great Barford as I am faced with pressure to exchange contracts in less than one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to have searches conducted although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Great Barford the following are examples of what can appear and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
How can the Landlord & Tenant Act 1954 impact my business premises in Great Barford and how can you help?
The 1954 Act affords a safeguard to commercial lessees, granting the legal entitlement to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Great Barford
Expecting to exchange soon on a studio apartment in Great Barford. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Great Barford should include some of the following:
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The length of the lease term. You should receive guidance as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years Defining your legal entitlements in relation to the communal areas in the block.For example, does the lease include a right of way over a path or staircase? You should know whether the lease allows you to add or upgrade anything in the property- you must be made aware as to whether it applies to all alterations or just structural alteration, and whether licences for alterations is mandated necessary Does the lease require carpeting throughout thus preventing wood flooring? Ground rent - what is due and when is collected, and also know whether this is subject to change
I invested in buying a basement flat in Great Barford, conveyancing formalities finalised 10 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Great Barford with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ceases on 21st October 2101
With 76 years left to run the likely cost is going to range between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
My wife and I have recently appointed a conveyancing solicitor in Great Barford. I need to find out if they are on the bank's approved list of lawyers. Could you or the bank confirm if they are on the panel?
You should contact the lawyer and ask them if they are on the lender's approved list. Alternatively please call us and we can investigate and revert. If they are not on the bank panel we we can help find a specialist conveyancing solicitor in Great Barford on the approved list for your mortgage company.