I am hoping to move into my new home in North Harrow next Friday. My property lawyer 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 bank. What risks does the lender expect the insurance to cover?
All property lawyers 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 requirements. These obligations are not unique to conveyancing in North Harrow.
My Solicitor in North Harrow is not on the Halifax Conveyancing Panel. Can I still continue with my prefered solicitor even though they are excluded from the Halifax list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred North Harrow solicitors but Halifax will need to use a solicitor on their list of acceptable firms. This will result in additional overall legal fees as well as result in delays.
- Choose an alternative practitioner to act in the purchase, obviously checking they are Halifax approved.
- Persuade your Halifax solicitor to seek to join the Halifax panel
I require fast conveyancing in North Harrow as I am under pressure to sign on the dotted line in less than 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash purchaser you have the choice not to have searches carried out although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in North Harrow the following are examples of issues that can crop up and therefore impact future mortgageability: Enforcement Actions, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who handled the conveyancing in North Harrow 10 years ago are no longer around. Will I be able to sell the house?
Assuming the title is registered the information relating to your proprietorship will be evidenced by the Land Registry with a Title Number. It is possible to perform a search at the Land Registry, locate your property and order current copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be retrieved for a small fee.
I'm buying my first flat in North Harrow with a loan from The Mortgage Works. The builders refused to move on the price so I negotiated 6k of extras instead. The property agent advised me not reveal to my solicitor about this side-deal as it will adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the estate of my aunt I am selling a property in Newport but I am based in North Harrow. My solicitor (approximately 300 miles awayrequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in North Harrow to witness and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are North Harrow based