Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Arkley. My lender is Bank of Ireland

Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/12/2024, the requirements read as follows :

A colleague suggested that if I am buying in Arkley I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is usually included in the estimate for your Arkley conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Arkley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Arkley Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Arkley Education with plans and statistics, Local Amenities and other useful information concerning Arkley.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Arkley. Conveyancing is daunting 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 legal work.

Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Arkley

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.

I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Arkley is the location of the property. Is there any guidance you can impart?

Flying freeholds in Arkley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Arkley you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Arkley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

My husband and I are first time buyers - had an offer accepted, but the agent advised that the seller will only go ahead if we instruct their recommended conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer who is familiar with conveyancing in Arkley

We suspect that the seller is not behind this request. Should the owner desire ‘a quick sale', alienating a genuine buyer is not the way to achieve this. Contact the owners directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Arkley conveyancing firm - not the ones that will give their estate agent a commission or meet his conveyancing targets set by corporate headquarters.