Due to move into my new home in Hove next Thursday. My conveyancing practitioner 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 mortgage company. What risks does the bank expect the insurance to cover?
Any lawyer on acting for lenders 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 Part 2 instructions. These obligations are not unique to conveyancing in Hove.
My relative recommended that where I am buying in Hove I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Hove conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Hove around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Hove Education with plans and statistics, Local Amenities and other useful data concerning Hove.
Just acquired a terraced house in Hove , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Hove conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are addressed.
As far as conveyancing in Hove registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd persons or bodies. At present roughly three quarters of submission are fully dealt with within 12 days but some can be subject to protracted hold-ups. Registration takes place after the buyer has moved in to the property therefore post completion formalities is not typically top priority but if it is urgent that the the registration takes place urgently then you or your solicitor could contact the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Hove is where the house is located. Can you shed any light on this issue?
Flying freeholds in Hove are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hove you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hove may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How do I identify a Hove solicitor on the Santander conveyancing panel? I have a car and am happy to travel upto 10miles to meet the solicitor.
Feel free to make use of the tool on this page. Please choose the bank and your location and you will see a number of Hove conveyancing lawyers located nearest you. We have listed some Hove conveyancing firms at the bottom of this page and you can contact them to see if they are on the Santander panel