I am hoping to complete my purchase in Lakenheath next Thursday. 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 bank. What does the insurance need to cover?
All property lawyers on acting for mortgage companies 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 instructions. These obligations are not limited to conveyancing in Lakenheath.
Are the Lakenheath conveyancing solicitors identified as being on the Co-operative conveyancing panel, together with their details provided by Co-operative?
Lakenheath conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Lakenheath. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/1/2025, the requirements read as follows :
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a simple, chain free conveyancing. Lakenheath is where the house is located. What do you suggest?
Flying freeholds in Lakenheath are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lakenheath you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lakenheath may determine 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.
In my capacity as executor for the will of my aunt I am disposing of a residence in Cardiff but reside in Lakenheath. My conveyancer (who is 200 kilometers awayhas requested that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Lakenheath who can witness and place their company stamp on the document?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Lakenheath based