I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Gunnislake. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/7/2025, the requirements read as follows :
I have todaybeen informed that Stirling Law have closed. They conducted my conveyancing in Gunnislake for a purchase of a freehold house 12 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gunnislake conveyancing specialists.
I'm buying a new build house in Gunnislake with a mortgage from Coventry Building Society. The builders would not move on the price so I negotiated £7000 of additionals instead. The house builders rep told me not inform my solicitor about the deal as it may jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How do I use your search facility to select a conveyancing solicitor in Gunnislake on the approved list for my lender?
First select a bank such as Halifax, Bank of Scotland or Platform Home Loans Ltd then choose your preferred area a common one being Gunnislake. Conveyancing practices in Gunnislake and nationally will then be listed.
I am using a search engine for the term cheap conveyancing in Gunnislake it reveals numerous solicitorsin the area. How do I determine which is the suitable solicitor for the sale of my house?
The ideal way of choosing the right conveyancer is through a personal referral, so ask friends and relatives who have purchased a property in Gunnislake or a reputable estate agent or mortgage broker. Fees for conveyancing in Gunnislake differ, so it's sensible to request a minimum of three quotes from different law firms. Make sure that you know that the fees are fixed.
I am attracted to a couple of maisonettes in Gunnislake both have in the region of fifty years unexpired on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Gunnislake. The lease is a right to use the premises for a period of time. As the lease shortens the saleability of the lease reduces and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We recommend you seek professional help from a solicitor and surveyor with experience in this area.
Leasehold Conveyancing in Gunnislake - A selection of Queries before Purchasing
-
How many of the leaseholders are in arrears for their service charge payments? You should be aware if it is no more than 80 years it will impact the marketability of the flat. It is worth checking with your lender that they are happy with residual term of the lease. Leases with less than 80 years remaining means that you will most likely require a lease extension at some point and it is worth discovering how much this will be. Remember, in most cases you will need to own the premises for a couple of years in order to be entitled to carry out a lease extension. You will want to find out as much as possible concerning the company managing the block as they will either make living at the property much easier or uncomfortable. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to day to day issues such as the cleanliness of the common parts. Don't be shy to ask other tenants whether they are happy with them. Finally, find out the dates that the maintenance fees are due to the appropriate party and specifically what you get for your money.