All was ready to complete my purchase in Woore next Friday. My lawyer 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 lender. What risks does the bank 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 conditions. These obligations are not specific to conveyancing in Woore.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Woore. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/6/2026, the requirements read as follows :
We previously chose solicitors locally in Woore on the Principality solicitor panel. They have just invoiced me a supplemental charge for dealing with the Principality mortgage. Is this a supplemental conveyancing fee set by Principality?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not dictated by Principality but by your Woore property lawyer. Some firms on the Principality panel will charge ’dealing with mortgage’ fee and others do not.
My wife and I have arranged the release of further monies on our mortgage from Yorkshire BS as we intend to carry out renovations to our house in Woore. Are we obliged to select a high street Woore solicitor on the Yorkshire BS conveyancing panel to handle the paperwork?
Yorkshire BS don't usually appoint a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS panel.
Completion of my purchase has taken place for my property in Woore. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Woore for a purchase of a leasehold flat 18 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Woore conveyancing specialists.
Just had an offer accepted on a new build apartment in Woore. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Woore
-
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.
I have just appointed agents to market my 2 bed apartment in Woore. Conveyancing solicitors are to be appointed soon, however I have recently had a quarterly service charge invoice – what should I do?
It best that you clear the maintenance contribution as normal as all ground rent and service invoices should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a basement flat in Woore, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Woore with a long lease are worth £190,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2088
With only 62 years remaining on your lease we estimate the price of your lease extension to span between £17,100 and £19,800 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 without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.