I am hoping to move into my new home in Prestwich 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 bank. What does the insurance need to cover?
All property lawyers on acting for lenders 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 Part 2 requirements. These obligations are not limited to conveyancing in Prestwich.
We see that you have a search directory listing firms on the HSBC conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Prestwich?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Prestwich.
I am buying a new build flat in Prestwich. Conveyancing is a frightening process 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.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Prestwich
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Due to the input of my in-laws I had a survey completed on a property in Prestwich ahead of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks tend refuse to issue a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Prestwich. Conveyancing will be smoother if you use a solicitor in Prestwich especially if they are accustomed to such properties in Prestwich.
What does commercial conveyancing in Prestwich cover?
Prestwich conveyancing for business premises covers a broad range of services, offered by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Been on the hunt for a lawyer for leasehold sale conveyancing in Prestwich. We are selling, simple no mortgage to discharge, no rush, currently empty. Got an estimate from a solicitor for £900 plus VAT which is a little expensive given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Prestwich?
Given that it’s a sale only, £500 + VAT should be about the lowest for a Prestwich solicitor firm.