I am hoping to move into my new home in Woolton next Tuesday. My property lawyer now wants me to supply her with proof 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 risks does the lender expect the insurance to cover?
Any lawyer 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 requirements. These obligations are not unique to conveyancing in Woolton.
My lender has recommended a law firm on their panel based in Woolton but I would rather use a conveyancing lawyer in Woolton or nearer to where I live. Are you able to help?
The minority of Woolton conveyancing practices are listed all banks conveyancing panel. Use our find an approved solicitor tool to find a Woolton conveyancing solicitor on the on the mortgage company panel.
2 months have gone by following my purchase conveyancing in Woolton concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Woolton I like with open areas and railway links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Woolton in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am looking into buying my first house which is in Woolton and I am already nervous. I couldn't find anything specific about Woolton. Conveyancing will be needed in due course but do you know about the Woolton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Woolton. In the meantime here are some basic statistics that we found