Due to move into my new home in Ringmer next Friday. My solicitor 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 lender. 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 specific to conveyancing in Ringmer.
This question may be naive but I am unexperienced as FTB of a ground floor flat in Ringmer. Do I receive the keys to the house on completion from my lawyer? If this is the case, I will appoint a local conveyancing solicitor in Ringmer?
On the day of completion you will not be required to attend the conveyancers office in Ringmer. Conveyancing lawyers for you will transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
I am purchasing a 3 bedroom semi in Ringmer. We would like to carry out a loft conversion at the property.Will legal investigations on the property include enquiries to determine if these alterations are prohibited?
Your property lawyer should review the deeds as conveyancing in Ringmer can occasionally identify restrictions in the title deeds which restrict categories of changes or need the permission of a 3rd party. Certain additions need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
I am selling my flat. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Aldermore are being problematic. The Ringmer solicitor who is on the Aldermore conveyancing panel is recommending indemnity insurance as a solution but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
It has been 2 months since my purchase conveyancing in Ringmer took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build flat in Ringmer. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ringmer
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Due to the guidance of my in-laws I had a survey completed on a property in Ringmer in advance of appointing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some lenders tend refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ringmer. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ringmer to see if the conveyancing will be more expensive.
I have been searching for Ringmer online conveyancing estimates. Can I be sure that all the Ringmer firms that are identified on your directory are on the bank conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Ringmer conveyancing solicitor being on the bank conveyancing panel is incorrect.