Due to move into my new home in Newent next Tuesday. 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 lender. What does the insurance need to cover?
Any lawyer on acting for banks 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 obligations are not specific to conveyancing in Newent.
Having sold my house in Newent last July yet the purchaser is Skype messaging every few hours to say her conveyancer needs to hear from mine. What should have happened following completion?
After completion of your sale your conveyancer is obliged to forward the transfer documentation and all supplemental paperwork to the buyer’s solicitors. If applicable, your solicitor should also confirm that the home loan has been discharged to the buyers solicitors. There are no post completion tasks unique to conveyancing in Newent.
My bank has suggested a law firm on their panel based in Newent but I would rather instruct a conveyancing lawyer in Newent local to me. Are you able to assist?
Far from all Newent conveyancing solicitors are listed all lender’s conveyancing panel. Do make the most of our search tool to locate a Newent conveyancing solicitor on the on the mortgage company panel.
My wife and I purchasing a 4 bedroom semi-detached house in Newent. We would like to convert the garage to a playroom at the house.Will legal work on the property include enquiries to determine if these works were previously refused?
Your solicitor will check the registered title as conveyancing in Newent will occasionally reveal restrictions in the title documents which restrict categories of changes or require the consent of another owner. Certain extensions require local authority planning consent and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
is it true that all Newent solicitors on the Virgin Money conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do list licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
I recently had an offer accepted on a house in Newent. My financial adviser recommended their conveyancers. I paid an upfront payment of £200. Not long after, the lawyer called me sheepishly admitting that they were not on the Nottingham 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 Nottingham 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 have todaydiscovered that Stirling Law have closed. They conducted my conveyancing in Newent for a purchase of a leasehold flat 10 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Newent conveyancing specialists.
I decided to have a survey done on a house in Newent before appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Newent. Conveyancing may be slightly more expensive based on your lender's requirements.