I am hoping to move into my new home in Westerham next Monday. My conveyancer 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 does the insurance need 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 UK Finance Lenders’ Handbook conditions. These obligations are not unique to conveyancing in Westerham.
Do banks and building societies provide you with an approved list of Westerham conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?
Westerham conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Do the Building Society Association intend to launch a online directory to to identify law firms on the Darlington Building Society conveyancing panel for instance in Westerham?
We have not been informed any intention on the part of the BSA to promote such a register.
My wife and I own a semi-detached Georgian property in Westerham. Conveyancing solicitor represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Westerham and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing solicitor who conducted the purchase.
I'm purchasing my first flat in Westerham with a loan from Britannia. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my conveyancer about this side-deal as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We are one month into a leasehold purchase having been referred to solicitors by the local agent to execute conveyancing in Westerham. We are not happy. Can you you assist me in finding new lawyers?
They would need to be really poor in order to consider diss instructing them. Has the loan offer been issued? In the event that it has you must advise them of the replacement conveyancer and get the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders panel to avoid added fees and complications. So that should be your starting point. Our find a solicitor tool can assist you in finding a lender approved lawyer for your home move in Westerham