Due to move into my new home in Brown Edge next Tuesday. My conveyancing practitioner now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the lender. What does the insurance need to cover?
All property lawyers on acting for banks 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 obligations are not specific to conveyancing in Brown Edge.
Finally the sale completed on my house in Brown Edge last November but my buyer keeps texting me to say her lawyer needs to hear from mine. What should my lawyer have done following completion?
Post completion of your disposal your solicitor should deliver the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your lawyer must also evidence that the mortgage has been repaid to the buyers conveyancers. There are no post completion tasks just for conveyancing in Brown Edge.
I am planning to acquire a property and need a conveyancing solicitor in Brown Edge who is on the National Westminster Bank solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for National Westminster Bank in certain locations such as Brown Edge. We dont recommend any particular firm.
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Brown Edge. Do I pick up the keys to the premises on the completion date from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Brown Edge?
On the day of completion you will not be required to attend the conveyancers office in Brown Edge. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
A colleague informed me that in buying a property in Brown Edge there may be various restrictions as to what one can do in terms of external alterations to a property. Is this right?
We are aware of anumerous of properties in Brown Edge which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Brown Edge should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Yorkshire BS have agreed my home loan in principle, my bid on a property in Brown Edge has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Contact Yorkshire BS or your broker and finish off any appropriate documentation. Yorkshire BS will sellect a valuer who will get in contact with the selling agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Brown Edge.
Due to the encouragement of my in-laws I had a survey completed on a house in Brown Edge in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders tend not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Brown Edge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brown Edge to see if the conveyancing will be more expensive.