I am hoping to move into my new home in Fratton and Portsea next Tuesday. My solicitor 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 bank. What does the insurance need 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 conditions. These obligations are not specific to conveyancing in Fratton and Portsea.

How up to date is your search tool for Fratton and Portsea conveyancing solicitors on the Principality conveyancing panel? Do Principality send you an updated list?

Fratton and Portsea conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.

I am purchasing a new build house in Fratton and Portsea with a loan from Clydesdale. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not inform my lawyer about this extras as it may jeopardize my loan with Clydesdale. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

How do I use your search facility to get a costs illustration from a conveyancing lawyer in Fratton and Portsea on the authorised to act for my bank?

1st pick a bank such as Accord Mortgages Ltd, Norwich and Peterborough Building Society or TSB then choose your location for example Fratton and Portsea. Conveyancing organisations in Fratton and Portsea and beyond should be shown.

I am on look out for some leasehold conveyancing in Fratton and Portsea. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and most are in Fratton and Portsea - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Leasehold Conveyancing in Fratton and Portsea - Sample of Questions you should ask before Purchasing

In the main the cost for major works are not built into the maintenance charges, albeit that there some managing agents in Fratton and Portsea require leaseholders to contribute towards a reserve fund and this is used to offset against major works. Best to be warned whether a new roof is being put on or some other significant cost is anticipated that will be shared amongst the leasehold owners and may well materially impact the level of the service costs or require a one off invoice.