All was ready to move into my new home in Caddington next Tuesday. My property lawyer now wants me to supply her with evidence 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 banks 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 requirements. These requirements are not limited to conveyancing in Caddington.

We note that you have a search directory identifying solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Caddington?

We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Caddington.

I decided to have a survey completed on a property in Caddington ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will refuse to issue a mortgage on a flying freehold home.

It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you e-mail us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Caddington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Caddington to see if the conveyancing costs will increase in light of this.

I am selling my home. My previous lawyers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Caddington if that makes a difference.

Please use our search tool to help you find a solicitor for your conveyancing in Caddington. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

I am hoping to sign contracts shortly on a ground floor flat in Caddington. Conveyancing lawyers assured me that they report fully next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in Caddington should include some of the following:

The unexpired lease term. You should receive guidance as what happens when the lease expires, and informed of the importance of the 80 year mark Who has the liability to repair and maintain the building. It is important that you know who is responsible the repair and maintenance of every part of the building Details of the parties to the lease, for example these could be the leaseholder, head lessor, landlord You need to be informed what is to be regarded as a Nuisance in the lease

I invested in buying a 1st floor flat in Caddington, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Caddington with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease ceases on 21st October 2084

With just 60 years remaining on your lease the likely cost is going to be between £20,000 and £23,000 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.