Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Shepton Mallet. My lender is Bank of Ireland

Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 4/3/2025, the requirements read as follows :

About to purchase a new build apartment in Shepton Mallet. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Shepton Mallet

Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

Should I be suspicious that third parties that I am dealing with are suggesting a nationwide conveyancing firm rather than a local Shepton Mallet conveyancing practice?

As is the case with many service providers, often suggestions from relatives can be extremely useful or valuable. Nevertheless there are numerous parties with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and lenders may recommend lawyers to choose. On occasion these solicitors might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the recommendation. You are at liberty to appoint your preferred conveyancer. However, bear in mind that some lenders specify a panel list of conveyancers you are obliged to use for the mortgage related work in your transaction.

In sourcing the internet for the phrase cheap conveyancing in Shepton Mallet it shows results of many solicitorslocally. With so much choice what is the best way to find the right conveyancing solicitor for purchase transaction?

The best way of seeking a suitable conveyancer is through a trusted referral, so ask colleagues and relatives who have purchased a property in Shepton Mallet or the reputable estate agent or financial adviser. Costs for conveyancing in Shepton Mallet differ, so it's a good idea to secure at least four estimates from varying types of companies. Make sure that you clarify that the fees are fixed.

My cousin is buying a studio flat in Shepton Mallet. He was given a quote by the property lawyer recommended by the estate agents totaling £1156 . It was eight years ago I sold and bought a home and the bill was £just under five hundred pounds. Have fees really gone up that much?

You should contact two or three local Shepton Mallet conveyancing firms seeking prices. It is advisable to base your selection not solely on cost, but on promptness and on how comprehensive the response is.