Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Swanland. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/12/2024, the requirements read as follows :
Will our conveyancer be asking questions about flooding during the conveyancing in Swanland.
Flooding is a growing risk for solicitors carrying out conveyancing in Swanland. There are those who purchase a house in Swanland, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a number of checks that can be undertaken by the buyer or on a buyer’s behalf which can figure out the risks in Swanland. The standard information given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to find out whether the property has suffered from flooding. If flooding has previously occurred and is not disclosed by the vendor, then a buyer may bring a claim for damages resulting from an incorrect answer. The purchaser’s solicitors will also order an environmental search. This should indicate if there is a recorded flood risk. If so, additional inquiries will need to be made.
Due to the encouragement of my in-laws I had a survey completed on a property in Swanland before instructing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some banks may not grant a mortgage on this type of house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Swanland. Conveyancing will be smoother if you use a solicitor in Swanland especially if they are accustomed to such properties in Swanland.
My uncle has urged me to appoint his conveyancers in Swanland. Should I use them?
Much as we are happy to recommend a Swanland conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to have recommendations from friends or relatives who have previously instructed the solicitor that you are contemplating using.
For various reasons I am not able to visit my Swanland conveyancing solicitors office to execute documents for conveyancing in Swanland – will this be an issue?
Not a problem. Swanland conveyancing solicitors can handle conveyancing transactions for clients wider afield. You are unlikely to be required to attend a Swanland conveyancers office. They can handle all communications via phone, post and email - whatever works for you.