Due to complete my purchase in Tetbury next Thursday. My solicitor now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the mortgage company expect the insurance 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 Part 2 requirements. These obligations are not specific to conveyancing in Tetbury.
We note that you have a post code search directory listing solicitors on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Tetbury?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Tetbury.
I am helping my aunt sell her property in Tetbury. Will the conveyancer order the EPC or should I organise this?
Following the abolition of Home Information Packs, energy assessments was left as a mandatory part of moving property. An energy assessment needs to be to hand prior to the property being put on the market. It is not a task that solicitors ordinarily arrange. Where you are instructing a Tetbury conveyancing practitioner they may be able to arrange EPC’s due to their contacts with long established local accredited person
My aunt advised me that in buying a property in Tetbury there may be a number of restrictions prohibiting external changes to a property. Is this right?
We are aware of anumerous of properties in Tetbury which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Tetbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Principality. I assume I don't need a Tetbury solicitor on the Principality panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
I require quick conveyancing in Tetbury as I am faced with pressure to complete in less than one month. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a cash buyer you are at free not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Tetbury the following are examples of issues that can be revealed and therefore affect future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
I got the keys to my flat on 14 October and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Tetbury advises it would be recorded in less than a month. Are transfers in Tetbury particularly slow to register?
As far as conveyancing in Tetbury registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary depending on who lodges the application, whether there are errors and whether the Land registry need to notify any interested parties. As of today in the region of three quarters of such applications are fully addressed in less than three weeks but some can be subject to extensive hold-ups. Historically registration is effected once the buyer has moved in to the premises thus an expedited registration is not always top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
I need to instruct a conveyancing practitioner in Tetbury for my purchase. Is there any facility to review a solicitor's complaints history with the legal regulator?
You may find published Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator could recorded call for training purposes.