I am hoping to complete my purchase in Whitwick 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 bank expect the insurance 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 conditions. These requirements are not limited to conveyancing in Whitwick.
It is is a decade since I purchased my home in Whitwick. Conveyancing solicitors have now been retained on the sale but I am unable to locate the deeds. Is this a problem?
You need not be too concerned. First there is a possibility that the deeds will be with the lender or they may be in the possession of the conveyancers who oversaw your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. The vast majority of conveyancing in Whitwick relates to registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
A colleague informed me that in buying a property in Whitwick there could be a number of restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Whitwick which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Whitwick should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Whitwick. I have a mortgage offer with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
The formalities of my remortgage has taken place for my property in Whitwick. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Have purchased a a semi-detached house in Whitwick , What is the estimated time for the Land Registry to register the transfer to my name? My Whitwick conveyancing solicitor works at snail pace, so I want to check that my purchase is registered.
There is nothing unique about conveyancing in Whitwick registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any other parties. Currently approximately 80% of such applications are completed in less than three weeks but some can be subject to longer hold-ups. Registration is effected once the buyer has moved in to the property thus an expedited registration is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
What does commercial conveyancing in Whitwick cover?
Commercial conveyancing in Whitwick incorporates a broad array of services, provided by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Is there a reason that Whitwick conveyancing fees are higher for leasehold and freehold properties?
Leasehold conveyancing in Whitwick will often involve additional due diligence including checking the lease, liaising with the landlord, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.