All was ready to complete my purchase in Woodthorpe next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
All property lawyers 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 instructions. These obligations are not unique to conveyancing in Woodthorpe.
It is a dozen years since I acquired my house in Woodthorpe. Conveyancing solicitors have recently been appointed on the sale but I am unable to track down my title documents. Is this a major issue?
Don’t worry too much. Firstly the deeds may be retained by the mortgage company or they may be archived with the solicitor who acted in your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Woodthorpe involves registered property but in the unlikely event that your home is not registered it is more tricky but is not insurmountable.
I am looking to buy a flat and require a conveyancing solicitor in Woodthorpe who is on the TSB solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for TSB in certain locations such as Woodthorpe. We dont recommend any particular firm.
Are there any apps to help locate a Woodthorpe solicitor on the Leeds Building Society conveyancing panel? I have a car and am happy to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this page. Please select a mortgage company and your location and you will see a number of Woodthorpe conveyancing lawyers based on proximity. We have listed some Woodthorpe conveyancing firms at the bottom of this page and you can contact them to see whether they are on the Leeds Building Society member panel
Back In 2005, I bought a leasehold flat in Woodthorpe. Conveyancing and The Royal Bank of Scotland mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Woodthorpe who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Woodthorpe conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 1st floor flat in Woodthorpe, conveyancing was carried out 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Woodthorpe with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2091
With just 66 years left to run we estimate the premium for your lease extension to range between £12,400 and £14,200 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
I'm remortgaging a bungalow in Woodthorpe. I have found my conveyancer's company on the CLC list, but I can't see my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not all staff in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.