I am hoping to complete my purchase in Bozeat next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?

Any lawyer 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 conditions. These requirements are not limited to conveyancing in Bozeat.

My Solicitor in Bozeat is not listed on the TSB Conveyancing Panel. Can I still continue with my family solicitor even though they are excluded from the TSB list of approved lawyers?

Your options are as follows:

1. Carry on with your preferred Bozeat lawyers but TSB will need to instruct a lawyer on their list of acceptable firms. This will inevitably rack up the overall conveyancing charges as well as cause delays.
2. Find an alternative practitioner to to deal with the purchase, remembering to check they are TSB approved.
3. Persuade your TSB solicitor to try to join the TSB panel

This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Bozeat. Do I collect the keys to the property on the completion date from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Bozeat?

On the day of completion you will not be required to go to the conveyancers office in Bozeat. Your solicitors will arrange to send the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you should be able to collect the keys from the Estate Agents and move into your new home. Usually this happens early afternoon.

My father informed me that in purchasing a property in Bozeat there may be various restrictions preventing external changes to the property. Is this right?

There are anumerous of properties in Bozeat which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Bozeat should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I am aiming to move property in April. Should my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you put forward a removal company in Bozeat. Conveyancing solicitor was chosen prior to coming across your website.

On the afternoon of completion you will need to pick up the house keys from the property agent but this should only happen after the vendors solicitors confirm to the agent that they have the completion monies and the keys can be given over. You will need to tell the removal company that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can help you locate a residential property solicitor in Bozeat or a solicitor with expertise in conveyancing in Bozeat.

Last July I purchased a leasehold property in Bozeat. Do I have any liability for service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Bozeat - A selection of Questions you should ask Prior to buying

Is there a share of the freehold? How many years remain on the lease? You should be aware if it is less than eighty years it will have adverse implications on the value of the apartment. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out how much this would cost. Remember, in most cases you will need to own the residence for two years in order to be eligible to extend the lease.

My partner and I are first time buyers just having agreed a price on a property in Bozeat, and need to get solicitors instructed. I have made use of the various rating based websites and the results are from all across the England and Wales. Is it critical to have a Bozeat lawyer local to our potential house? We are fine to do all the communicating over the internet, but I assume at some stage we will need to visit the lawyer's office to sign contracts?

The conveyancer does not have to be in Bozeat, but choosing local means that you have the option to go in if needed, by way of example, if a signature is immediately necessary. In addition, a Bozeat solicitor have established relationships with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which should help smooth the process.