All was ready to complete my purchase in Birkenshaw next Thursday. My lawyer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. 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 UK Finance Lenders’ Handbook requirements. These obligations are not limited to conveyancing in Birkenshaw.
As a FTB what is the most important piece of guidance you can give me about purchase conveyancing in Birkenshaw?
You may not hear this from too many lawyers but conveyancing in Birkenshaw or throughout West Yorkshire is often a confrontational experience. Put another way, when it comes to conveyancing there is an abundance of opportunity for conflict between you and others involved in the home moving process. For example, the seller, property agent and sometimes a lender. Choosing a solicitor for your conveyancing in Birkenshaw should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to protect your best interests and to keep you safe.
On occasion a potential adversary may attempt to persuade you that you should follow their advice. For instance, the selling agent may claim to be helping by suggesting your lawyer is slow. Or your mortgage broker may advise you to do take action that is contrary to your solicitors guidance. You should always trust your lawyer above all other parties in the conveyancing process.
I have been referred to a conveyancing solicitor in Birkenshaw. I need to find out if they are accepted on the Barnsley Building Society conveyancing panel. Could you advise?
You should call the solicitor and ask them whether they are on the lender panel. Alternatively you can get in touch with Barnsley Building Society who may be able to help.
I decided to have a survey completed on a property in Birkenshaw ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies will not grant a mortgage on a flying freehold home.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Birkenshaw. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Birkenshaw to see if the conveyancing will be more expensive.
As co-executor for the estate of my grandfather I am disposing of a house in Newport but live in Birkenshaw. My conveyancer (approximately 260 kilometers awayhas requested that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Birkenshaw who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Birkenshaw