Due to complete my purchase in Little Ilford next Tuesday. My conveyancing practitioner now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. 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 instructions. These obligations are not specific to conveyancing in Little Ilford.
We hope to to buy with Loughborough BS. We have called around locally yet cant to find a Little Ilford conveyancing firm on the Loughborough BS approved list. Please you assist?
You should take advantage of the search tool on this site. Pick the mortgage company and type Little Ilford or your location and you will discover a number of lawyer located in Little Ilford or by proximity to you.
Completion of my remortgage has taken place for my property in Little Ilford. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
After months of negotiation I have agreed a price on an apartment in Little Ilford. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £150. A few days later, the solicitor contacted me embarrassingly acknowledging that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am due to exchange contracts on my apartment. I had a double glazing fitted in May 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, TSB are being difficult. The Little Ilford solicitor who is on the TSB conveyancing panel is recommending indemnity insurance as a solution but TSB are requiring a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB 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 identified as part of conveyancing in Little Ilford?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Little Ilford. 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…’
I opted to have a survey carried out on a house in Little Ilford in advance of retaining lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders may not issue a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you e-mail us we can investigate 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 Little Ilford. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my existing house to a buy to let loan with Barnsley Building Society and intend to use the remaining equity towards another house. The location we are interested in is Little Ilford. Will your solicitors be able to act for both sets of lenders and link together the conveyances?
Make use of our comparison tool on this site to ensure that the conveyancers are approved by both mortgage companies. Assuming that they are your solicitor should be able to tie up the two transactions but you should talk with you conveyancer and specify your expectations and requirements.