I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Long Buckby. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/9/2025, the requirements read as follows :
Should our conveyancer be asking questions concerning flooding during the conveyancing in Long Buckby.
Flooding is a growing risk for solicitors dealing with homes in Long Buckby. There are those who purchase a house in Long Buckby, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or by their conveyancers which can give them a better appreciation of the risks in Long Buckby. The conventional set of property information forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the vendor to discover whether the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the vendor, then a purchaser may commence a compensation claim stemming from an incorrect response. A purchaser’s conveyancers should also conduct an environmental report. This should indicate if there is a recorded flood risk. If so, more detailed investigations should be made.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Long Buckby is where the house is located. What do you suggest?
Flying freeholds in Long Buckby are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Long Buckby you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Long Buckby may determine 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.
I am using a search engine for the words conveyancing in Long Buckby it shows results of many conveyancersin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The ideal method of choosing the right conveyancer is via personal testimonial, so enquire of friends and those you trust who have purchased a property in Long Buckby or the local estate agent or financial adviser. Charges for conveyancing in Long Buckby vary, so it's a good idea to obtain a minimum of four quotes from different solicitors. Be sure to secure confirmation what costs in the quote includes.
Do you have any top tips for leasehold conveyancing in Long Buckby from the perspective of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Long Buckby can be avoided where you instruct lawyers the minute you market your property and request that they start to collate the leasehold information which will be required by the purchasers’ lawyers. A minority of Long Buckby leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Most leases in Long Buckby state that internal structural alterations or installing wooden flooring necessitate a licence issued by the Landlord approving such works. If you dont have the approvals in place you should not communicate with the landlord without contacting your solicitor in advance. The majority of landlords or Management Companies in Long Buckby charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management information sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Long Buckby.
Leasehold Conveyancing in Long Buckby - Examples of Queries Prior to buying
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Are any of leasehold owners in arrears of their service charge payments? How many years remain on the lease? How is the lease structured?
What type of premises does your Long Buckby conveyancing estimates relate to?
The quotes issued are only applicable to standard domestic premises in England & Wales. Should you have any different requirements for instance industrial or agricultural property or commercial conveyancing in Long Buckby please telephone us to discuss your requirements .