All was ready to move into my new home in Swaffham next Thursday. 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 lender. 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 requirements. These obligations are not unique to conveyancing in Swaffham.
I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to appoint a specialised conveyancing solicitor in Swaffham?
Do check but the the probability is that appoint one of their panel conveyancers should you want the "fee-free" incentive. Call the bank and ask if they make available a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Swaffham.
I used Wolstenholmes several years past for my conveyancing in Swaffham. Now, I need the documents but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Swaffham of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the advice of my in-laws I had a survey completed on a house in Swaffham before instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks tend refuse to grant a mortgage on such a home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Swaffham. Conveyancing will be smoother if you use a solicitor in Swaffham especially if they are familiar with such properties in Swaffham.
We are a couple of weeks into a leasehold purchase having been referred to conveyancers by the high street agent to execute conveyancing in Swaffham. I am am extremely disappointed with the quality of service. Could you help me find new conveyancers?
A lawyer would need to be very poor in order to consider diss instructing them. Has your mortgage offer been generated? In the event that it has you must advise them of the new conveyancer and have the offer are re-issued. Your new conveyancer needs to be on the mortgage company approved list to avoid supplemental charges and delays. So that should be your first question of the new solicitors. The find a solicitor tool will assist you in finding a bank approved lawyer for your conveyancing in Swaffham
We had our mortgage approved yesterday with our lender. We are using a high street conveyancer in Swaffham last week. Today, our broker phoned to advise us that the bank said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the mortgage company had a say Is this legal?
You are permitted to use any conveyencer you want to instruct for your conveyancing in Swaffham nevertheless if they are not on the your lender's approved list you must pay an extra fee so the mortgage company can instruct their own conveyancer too. sometimes it is possible your solicitor may apply to get added to the mortgage company panel. You can use online search facilities such as lenderpanel.com to find a conveyancing solcitor in Swaffham on the bank panel. You can go into your local bank branch in Swaffham. They can recommend conveyancing solicitors in Swaffham on the lender panel.