I have an AIP. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather appoint a Benfleet based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers should you accept the "fee-free" incentive. Speak to the lender to ask if they allow a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Benfleet.
Forgive me if this question is silly but I am unexperienced as FTB of a two bedroom flat in Benfleet. Do I receive the keys to the house on completion from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in Benfleet?
On the day of completion you will not be required to attend the conveyancers office in Benfleet. Conveyancing lawyers for you will arrange to send the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you will be invited to receive the keys from the property Agents and move into your new home. Usually this happens early afternoon.
I have been told by my conveyancer that defective lease insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Benfleet?
The appropriate level of defective lease indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and Barnsley Building Society. Conveyancing practitioners as opposed to borrowers take out such insurances.
I was told two weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Benfleet is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will my conveyancer be raising enquiries regarding flooding during the conveyancing in Benfleet.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Benfleet. Some people will purchase a house in Benfleet, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, however there are a various checks that can be initiated by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Benfleet. The standard information supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the owner to find out if the premises has suffered from flooding. If flooding has previously occurred and is not notified by the seller, then a buyer could commence a compensation claim stemming from an misleading reply. The purchaser’s conveyancers will also commission an environmental report. This should indicate if there is a recorded flood risk. If so, further investigations should be carried out.
How easy is it to use the search app to select a conveyancing practitioner in Benfleet on the approved list for my bank?
First choose a lender such as Accord Mortgages Ltd, Virgin Money or Godiva Mortgages Ltd then type in your preferred area e.g. Benfleet. Conveyancing practices in Benfleet and beyond will then be identified.
Is it true that a Benfleet conveyancing company has court proceedings brought against them by a client for failing to conduct the appropriate conveyancing searches?
We are not aware of such a Benfleet conveyancing claim but it has been reported that, clients buying a home elsewhere in England successfully sued their conveyancer as a consequence of development plans to erect a wind farm not being picked up in conveyancing searches.
Where you are purchasing in Benfleet It is critical that your conveyancer purchase all Benfleet conveyancing searches necessary to ensure you have accurate and up to date information before buying a home in Benfleet.