Due to move into my new home in Cambridgeshire next Monday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the lender 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 instructions. These obligations are not unique to conveyancing in Cambridgeshire.
How do I check that the solicitor handling my conveyancing in Cambridgeshire is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus spending £175.00 in supplemental legal bill.
Feel free to make use of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Cambridgeshire’ or your preferred area and you will be presented with numerous conveyancers located in Cambridgeshire or near you.
My wife and I own a renovated Edwardian property in Cambridgeshire. Conveyancing practitioner represented me and Nottingham Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cambridgeshire and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing practitioner who conducted the work.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Cambridgeshire is where the house is located. Is there any advice you can impart?
Flying freeholds in Cambridgeshire are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cambridgeshire you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cambridgeshire may decide 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 property.
We are 18 days into a freehold purchase having been recommend to a firm by the high street agent to perform conveyancing in Cambridgeshire. We are not happy. Could you help me find new conveyancers?
They would need to be very bad in order to consider diss instructing them. Has the mortgage offer been generated? In the event that it has you need to make them aware of the new conveyancer and ensure the mortgage documents are re-sent. Your new solicitor ideally should be on the banks panel to avoid supplemental expenses and frustration. That should be your starting point. Our search tool will help you find a lender approved solicitor for your home move in Cambridgeshire