All was ready to complete my purchase in Havering-atte-Bower next Thursday. My property lawyer now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
Any lawyer 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 UK Finance Lenders’ Handbook requirements. These obligations are not specific to conveyancing in Havering-atte-Bower.
My lender has recommended solicitors on their panel based in Havering-atte-Bower but I would rather choose a conveyancing lawyer in Havering-atte-Bower or nearer to where I live. Are you able to help?
Not all Havering-atte-Bower conveyancing practitioners are listed all lender’s conveyancing panel. Do make use of our search tool to locate a Havering-atte-Bower conveyancing conveyancer on the on the mortgage company panel.
We are buying a property in Havering-atte-Bower. It might be a silly question but how we can trust a conveyancer? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
This question may be naive but I am unexperienced as FTB of a ground floor flat in Havering-atte-Bower. Do I collect the keys to the premises on the completion date from my conveyancer? If so, I will use a local conveyancing solicitor in Havering-atte-Bower?
On the day of completion you do not need to attend the conveyancers office in Havering-atte-Bower. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s conveyancers, and once they have received this, you will be able to receive the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
Are all Havering-atte-Bower Conveyancing Quality Solicitors on the Lloyds conveyancing list of approved practices?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
Due to the guidance of my in-laws I had a survey completed on a property in Havering-atte-Bower ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks will not grant a loan on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Havering-atte-Bower. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Havering-atte-Bower to see if the conveyancing costs will increase in light of this.
Should I choose a Havering-atte-Bower conveyancing lawyer who is local to the property I am purchasing? We have a good friend who can handle the legal work however her office is 400kilometers drive away.
The primary upside of using a local Havering-atte-Bower conveyancing firm is that you can visit the firm to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. Having local Havering-atte-Bower know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that must surpass using an unknown Havering-atte-Bower conveyancing lawyer just because they are based in the area.
My mum and dad are having problems in finding their Havering-atte-Bower land registry title on the site. They have a vague recollection back in the 60’s when they purchased the property there were complications regarding the address not being identified on some systems.
The vast majority of residences in Havering-atte-Bower should appear. Have you tried a search with simply the postcode. Ordinarily it should mention all the properties inside that postcode. Where registered it will be there with a title number. If they bought 48 years ago it's conceivable it may be not yet registered. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s lender.