Due to complete my purchase in Alderley Edge next Thursday. 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 lender. What risks does the mortgage company 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 specific to conveyancing in Alderley Edge.

When can the exchange of contracts happen for purchase conveyancing in Alderley Edge and am I required to be at the solicitors branch?

Where you are in close proximity to one of the conveyancing solicitors in Alderley Edge you are welcome to come in to sign documents. However, the lender approved solicitors we work with offer a national conveyancing service and give as equally diligent and professional a job for you when communicating with you digitally. The executing of the sale agreement is not the point of no return. A signed contract is just a prerequisite for the solicitor to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Alderley Edge)to be in the office at the appropriate time.

My wife and I have recently appointed a conveyancing solicitor in Alderley Edge. I I am struggling to find out if they are accepted on the Lloyds TSB Bank approved list of lawyers. Can you or the lender confirm if they are on the panel?

You should phone the lawyer and enquire if they are on the lender panel. Otherwise please call Lloyds TSB Bank who may be able to confirm.

A friend advised me that where I am buying in Alderley Edge I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is usually included in the estimate for your Alderley Edge conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Alderley Edge around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Alderley Edge.

I today plan to offer on a house that appears to be perfect, at a great figure which is making it all the more appealing. I have just been informed that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Alderley Edge. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Alderley Edge ?

Most houses in Alderley Edge are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Alderley Edge so you should seriously consider shopping around for a Alderley Edge conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should report to you on the legal implications.

I purchased a 1st floor flat in Alderley Edge, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Alderley Edge with a long lease are worth £186,000. The ground rent is £55 charged once a year. The lease terminates on 21st October 2077

You have 52 years left to run the likely cost is going to be between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.