All was ready to complete my purchase in Ponteland next Friday. 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 mortgage company. What does the insurance need 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 unique to conveyancing in Ponteland.
I am the registered owner of a freehold property in Ponteland but still charged rent, why is this and what is this?
It’s unusual for properties in Ponteland and has limited impact for conveyancing in Ponteland but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a residence in Ponteland?
Unless a prior purchase of the property completed after 12 October 2013 you can assume that lawyers delivering conveyancing in Ponteland to continue to propose a a chancel search and or chancel repair liability policy.
I used Arc property Solicitors a few years ago for my conveyancing in Ponteland. Now, I need the documents but 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 Ponteland of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
About to purchase a new build apartment in Ponteland. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ponteland
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
I need to find a bank panel solicitor in Ponteland. Can you assist?
It is not clear why you need a Ponteland panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Ponteland are on their panel . If you do find such a firm in Ponteland not listed please direct them to our site to list. After all the cost is only one £1 a month