All was ready to move into my new home in Headington 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 mortgage company. 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 requirements are not unique to conveyancing in Headington.
Finally the sale completed on my house in Headington last August yet the purchaser is Skype messaging me to say his conveyancer needs to hear from myconveyancer. What should my lawyer have done following completion?
Following your house sale your lawyer should deliver the transfer deeds and all of the paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer must also send confirmation that the mortgage has been redeemed to the purchasers lawyers. There are no post completion requirements peculiar conveyancing in Headington.
My wife and I are purchasing a house in Headington. It might be a silly question but how we can trust a lawyer? On the day of competition we have to send funds into their account. What is the protection we have from them run away with our money?
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.
We have agreed to purchase a house in Headington. A rare aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Co-operative your lawyer must check the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for Co-operative. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Co-operative where a lease fails to satisfy these provisions. The requirements relate to the installation of panels on properties countrywide and is not limited to Headington.
I am selling my flat. I had a double glazing fitted in August 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Co-operative are being difficult. The Headington solicitor who is on the Co-operative conveyancing panel is saying indemnity insurance will be fine but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Headington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Headington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it simple use your search facility to choose a conveyancing solicitor in Headington on the authorised to act for my lender?
1st select a bank such as National Westminster Bank, The Royal Bank of Scotland or Platform Home Loans Ltd then specify your location for example Headington. Conveyancing organisations in Headington and beyond will then be shown.
I am purchasing a flat and require a conveyancing solicitor in Headington who is on the lender approved panel. Could you point me in the right direction as regards a Headington conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who conduct conveyancing in Headington. We dont recommend any particular conveyancing practice.