Due to move into my new home in Greenfield next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. 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 UK Finance Lenders’ Handbook conditions. These requirements are not specific to conveyancing in Greenfield.
Should conveyancers ask for money on account for conveyancing in Greenfield?
If you are buying a property in Greenfield your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is as part of the total price then this will be asked for shortly in advance of contracts are exchanged. Any further balance that is needed should be transferred shortly before completion.
A friend suggested that where I am buying in Greenfield I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Greenfield conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Greenfield around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Greenfield Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Greenfield.
The deeds to my home can not be found. The conveyancers who conducted the conveyancing in Greenfield 5 years ago have long since closed. What are my next steps?
You no longer need to hold title original deeds to evidence that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I'm buying my first flat in Greenfield with a mortgage from Birmingham Midshires. The builders would not reduce the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not to tell my solicitor about the deal as it will jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What makes your site different to alternative internet conveyancing brokers for conveyancing in Greenfield?
At this site secure a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Greenfield. As opposed to estate agents and brokerage sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' solicitors paying the most commission, not the best value conveyancing in Greenfield