Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Leyton. My lender is Nationwide Building Society

Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/12/2024, the requirements read as follows :

is it true that all Leyton solicitor firms on the Nationwide conveyancing panel are governed by the Solicitors Regulatory Authority?

As a firm of solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. Some lenders do allow licenced conveyancers on their panel and in that case the firms would be regulated by the Council of Licensed Conveyancers.

We previously selected conveyancing lawyers locally in Leyton on the Nottingham solicitor panel. They have just billed me a supplemental charge for dealing with the Nottingham mortgage. Is this a supplemental conveyancing fee set by Nottingham?

As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer can levy a fee for this. The fee is not set by Nottingham but by your Leyton conveyancer. Some firms on the Nottingham panel will quote ’dealing with mortgage’ fee but many firms include it on their overall fee.

I have finally had an offer on a flat in Leyton agreed to, the sellers do however have a tied purchase. The sellers have put an offer on a property, however it’s not been accepted yet, and have viewings of other properties booked. I have chosen a local conveyancing solicitor in Leyton. What should be my next step? When should I get the mortgage application with Coventry BS going?

It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, Leyton conveyancing search costs, etc). First, you must check that your conveyancer is on the Coventry BS conveyancing panel. Concerning the next stages this very much depends on the uniqueness of your case, attraction to the property and on the state of the market. In a rising market many purchasers would apply for a home loan with Coventry BS and arrange for the valuation and only if it comes back ok would they pay their conveyancer to move forward with the conveyancing in Leyton.

Is it necessary to pay for insurance to address the risk of chancel repairs when acquiring a residence in Leyton?

Unless a previous acquisition of the property took place post 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Leyton to remain recommending a chancel search and or chancel repair liability policy.

Are there restrictive covenants that are commonly picked up during conveyancing in Leyton?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Leyton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Due to complete next month on a studio apartment in Leyton. Conveyancing lawyers assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?

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

Are pets allowed in the flat? The physical ownership of the demise. This could be the apartment itself but may incorporate a attic or basement if relevant. Changes to the premises Ground rent - how much and what the invoice dates are, and also know whether this is subject to change

My wife and I have hit a brick wall in trying to purchase the freehold in Leyton. Can the Leasehold Valuation Tribunal adjudicate on premiums?

if there is a missing landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to arrive at the amount due.

An example of a Freehold Enfranchisement matter before the tribunal for a Leyton flat is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case affected 2 flats. The number of years remaining on the existing lease(s) was 72.02 years.