Due to complete my purchase in Hambleton next Thursday. 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 lender. 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 Hambleton.
We note that you have a post code search directory listing solicitors on the Kent Reliance conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Hambleton?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hambleton.
I'm buying my first flat in Hambleton benefiting from help to buy. The sellers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not disclose to my lawyer about the extras as it could jeopardize my loan with the bank. Is this normal?.
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.
Due to the encouragement of my in-laws I had a survey completed on a house in Hambleton in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks tend refuse to give a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hambleton. Conveyancing will be smoother if you use a solicitor in Hambleton especially if they are familiar with such properties in Hambleton.
Hoping to buy a property located in Hambleton and I am already nervous. I couldn't find anything specific about Hambleton. Conveyancing will be needed in due course but do you know about the Hambleton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hambleton. In the meantime here are some basic statistics that we found
I am thinking of appointing a conveyancing practitioner in Hambleton for my house move. Is it possible to check a firm’s complaints history with the profession’s regulator?
Members of the public can search for documented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator could monitor call for training reasons.