I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Wem. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/3/2025, the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wem?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wem. 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 the input of my in-laws I had a survey completed on a house in Wem ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders tend refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with 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 Wem. Conveyancing will be smoother if you use a solicitor in Wem especially if they are acquainted with such properties in Wem.
I'm refinancing my primary home to a buy to let loan with Lloyds TSB Bank and intend to use the remaining equity as a down payment on another house. The location we are looking at is Wem. Will your conveyancers be able to act for both sets of banks and tie in the transactions?
Make use of our search tool on this page to check that the solicitors are approved by both banks. On the basis that they are your conveyancer will be able to connect the two conveyancing matters but you should have a chat with you conveyancer and make clear your desired outcome and requirements.
I purchased a flat in Wem last 5/12/2023 and to date it is still not recorded with HM Land Registry. It was part of a new estate and my conveyancer told me that it may take 12 months to complete the registration formalities. I have spoken with the Land Registry directly and they have informed me the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your lawyer that you should contact in order to satisfy any concerns which have arisen as part of the registration formalities for your Wem property. Normal Wem conveyancing practice includes an undertaking on the part of the vendor’s conveyancing practitioner that they will assist in resolving any registration raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.