All was ready to move into my new home in Woodcote next Thursday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. What risks does the mortgage company expect the insurance 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 requirements are not limited to conveyancing in Woodcote.
We are selling our home in Woodcote. Will the property lawyer have to be required to be on the Barclays conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
This question may be naive but I am unseasoned as FTB of a ground floor flat in Woodcote. Do I pick up the keys to the property on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Woodcote?
On the day of completion you will not be required to go to the conveyancers office in Woodcote. Your solicitors will arrange to send the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you should be able to receive the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
I am expecting a AIP from Coventry BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Woodcote solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Woodcote solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I am currently in the process of buying my council flat in Woodcote. I have a mortgage offer with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I am a sole trader looking to lease a unit on the high street. Can you recommend lawyers offering fixed charges for non-domestic conveyancing in Woodcote for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Woodcote, including the disposal and purchase of businesses as well as simply property. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right firm. As for the fees this will depend on the structure and terms of the deal. Please provide us with your contact information or email so as to enable us to provide you with a detailed commercial conveyancing quote.
Am I better off to use a Woodcote conveyancing practitioner based in the location that I am purchasing? We have a good friend who can perform the legal formalities but her office is 200miles drive away.
The benefit of a high street Woodcote conveyancing firm is that you can visit the firm to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were content that must trump using an unknown Woodcote conveyancing solicitor just because they are based in the area.