All was ready to complete my purchase in Godalming next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need 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 conditions. These obligations are not limited to conveyancing in Godalming.

What is the first thing I need to know regarding purchase conveyancing in Godalming?

You may not hear this from too many lawyers but conveyancing in Godalming or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for conflict between you and others involved in the legal transfer of property. For instance, the seller, property agent and sometimes the mortgage company. Appointing a solicitor for your conveyancing in Godalming an important selection as your conveyancer is your adviser, and is the ONE party in the legal process whose interest is to act in your best interests and to keep you safe.

We are witnessing a definite emergence of a "blame" culture- someone has to be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor ahead of all other parties when it comes to the legal assignment of property.

What is the difference between a licensed conveyancer and conveyancing solicitor in Godalming

There are many recorded licenced Conveyancers in Godalming and Solicitor partnerships in Godalming who provide Conveyancing services We would stress that the two are regulated professionals specialising in the legal aspects of the home buying process. The two can handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

Is it the case that all Godalming solicitor firms on the Barclays conveyancing panel are regulated by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Barclays approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.

Skipton have agreed my home loan in principle, my bid on a house in Godalming has been agreed to, now what?

The estate agent will need to know who your solicitors are (be sure the conveyancers are on the bank’s approved list). Contact Skipton or your financial adviser and finalise any outstanding documentation. Skipton will instruct a valuer who will get in contact with the estate agent or owners to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average a fortnight to get a mortgage offer. Skipton will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Godalming.

I am using a search engine for the term cheap conveyancing in Godalming it brings up numerous conveyancersin the vicinity. With so much choice what is the best way to find the suitable solicitor for my move?

The ideal way of choosing the right conveyancer is through a personal recommendation, so seek the counsel of friends and relatives who have bought a property in Godalming or the respected estate agent or mortgage broker. Charges for conveyancing in Godalming differ, so it's advisable to secure a minimum of four costs illustrations from varying types of property lawyers. Dont forget to clarify what costs in the quote includes.

Having had my offer accepted I require leasehold conveyancing in Godalming. Before I set the wheels in motion I want to be sure as to the remaining lease term.

If the lease is recorded at the land registry - and almost all are in Godalming - then the leasehold title will always include the short particulars 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.

I am the registered owner of a ground floor flat in Godalming, conveyancing was carried out October 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Godalming with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease comes to an end on 21st October 2085

You have 61 years remaining on your lease we estimate the price of your lease extension to range between £18,100 and £20,800 plus legals.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.