All was ready to move into my new home in Rainford next Monday. My conveyancer 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 mortgage company. What risks does the lender expect the insurance 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 Part 2 conditions. These requirements are not unique to conveyancing in Rainford.
I am selling my home in Rainford. Will my conveyancer have to be required to be on the Lloyds conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My wife and I are purchasing a property in Rainford. It might be a silly question but how we can trust a solicitor? At some point we will need to send our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
If you had a top tip for choosing a conveyancing solicitor in Rainford what would it be?
We would encourage you not to go for the lowest Rainford conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I am assisting my aunt sell her property in Rainford. Will the conveyancing solicitor arrange the energy assessment or it is for me to coordinate?
Following the abolition of Home Packs, energy assessments remained a required element of selling a house. An energy assessment needs to be commissioned before the property is advertised. This is not a task that law firms ordinarily organise. Where you are using a Rainford conveyancing practitioner they might be willing to arrange energy assessments given their relationships with reputable local accredited person
I have a terraced Victorian house in Rainford. Conveyancing solicitor acted for me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same property. Is it worth asking Halifax to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rainford and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Rainford is where the house is located. Can you shed any light on this issue?
Flying freeholds in Rainford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Rainford you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Rainford may ascertain 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 property.
My husband and I are 18 days into a leasehold purchase having been recommend to conveyancers by the local agent to handle our conveyancing in Rainford. I am not happy. Could you you assist me in finding new lawyers?
A solicitor would need to be really poor in order to consider diss instructing them. Has the mortgage offer been issued? If so you will need to make them aware of the new contact details and ensure the offer are re-issued. Your new solicitor ideally needs to be on the mortgage company panel to avoid escalating charges and complications. That should be your first question of the new conveyancers. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Rainford