I am hoping to move into my new home in Cleveleys next Monday. 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 risks does the bank expect the insurance 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 Part 2 instructions. These obligations are not limited to conveyancing in Cleveleys.
About to place an offer on a leasehold property in Cleveleys. The property agents advise that it is usual for flats in Cleveleys to have less than 75 years unexpired on the lease. I am expecting a mortgage with Platform. Will the property be mortgageable given that the lease has Seventy One years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/11/2024 the requirements read as follows :
I am assisting my mother sell her flat in Cleveleys. Does the conveyancing solicitor commission an EPC or it is for the seller to see to?
Following the abolition of HIPs, energy performance certificates was maintained a mandatory component of selling a house. An energy assessment must be commissioned in advance of the property being advertised. This is not as aspect of the sale process that solicitors normally arrange. Where you are instructing a Cleveleys conveyancing practitioner they may be willing to arrange energy performance certificates given their contacts with reputable local assessors
My wife and I are at the point of looking at apartments in Cleveleys and I am now considering a potential offer. Is it best to have a lawyer on ‘stand by’? I will be getting a home loan with Nationwide.
It would be sensible to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are seeking a mortgage with Nationwide, ask your prospective lawyers if they are on the Nationwide conveyancing panel otherwise they can't do the mortgage legal work.
Leeds Building Society have agreed my home loan in principle, my offer on a property in Cleveleys has been accepted, what happens next?
Your property agent will need to know who your solicitors are (be sure the property lawyers are on the bank’s approved list). Telephone Leeds Building Society or the broker and finalise any outstanding documentation. Leeds Building Society will sellect a valuer who will get in contact with the estate agent or vendor to book a time for the valuation to take place. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Leeds Building Society will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Cleveleys.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who handled the conveyancing in Cleveleys 10 years ago have long since closed. Will I be able to sell the house?
You no longer need to hold title official documentation to evidence that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
My cousin has encouraged me to instruct his lawyers for conveyancing in Cleveleys. Should I use them?
No doubt it’s preferable to select a conveyancing solicitor is to get recommendations from friends or family who have actually previously instructed the conveyancer that you are contemplating using.