I am hoping to move into my new home in Holborn next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the bank. What risks does the lender expect the insurance 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 UK Finance Lenders’ Handbook conditions. These requirements are not limited to conveyancing in Holborn.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Holborn. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 7/5/2025, the requirements read as follows :
Me and my partner are purchasing a house in Holborn. I might seem paranoid but how we can trust a lawyer? At some point we will need to deposit money into their account. What is the protection we have from them run away with our monies?
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.
Planning on purchasing a house in Holborn. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nationwide conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Holborn lawyer is on the Nationwide conveyancing panel.
My sealed bid on a property in Holborn has been accepted, but there is a chain. The sellers have offered on a property, however it’s not been accepted yet, and are looking at other properties booked. I have selected a nearby conveyancing solicitor in Holborn. What should be my next step? When should I get the mortgage application with HSBC going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is in the region of one thousand pounds, then survey, Holborn conveyancing search costs, etc). The first thing to do is ensure that your lawyer is on the HSBC conveyancing panel. Concerning the next phase this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. During a hot market many purchasers will apply for the mortgage with HSBC and pay for the valuation and only if it was satisfactory would they request their solicitor to move forward with searches.
I used Wolstenholmes several years ago for my conveyancing in Holborn. Now, I need my documents however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Holborn of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Holborn is the location of the property. Can you shed any light on this issue?
Flying freeholds in Holborn are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Holborn you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Holborn may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We're first time buyers - agreed a price, but the estate agent informed us that the seller will only proceed if we use the agent's recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is accustomed to conveyancing in Holborn
It is unlikely the owners are driving this. Should the seller require ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to instruct your preferred Holborn conveyancing solicitors - as opposed tothose that will give their estate agent a referral fee or hit his conveyancing targets pre-set by senior management.