All was ready to complete my purchase in North Shields and Tynemouth next Friday. My solicitor now wants me to supply her with evidence 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 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 conditions. These obligations are not limited to conveyancing in North Shields and Tynemouth.

I have an AIP. The bank mentioned the loan came with free conveyancing. Is the implication that I have to use their panel solicitor as I would prefer to use a specialised conveyancing solicitor in North Shields and Tynemouth?

Do check but the chances are that allocate you one of their panel conveyancers where you take up the "fee-free" incentive. Contact the lender to explore if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in North Shields and Tynemouth.

It has been four months since my purchase conveyancing in North Shields and Tynemouth completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 need to instruct a conveyancing solicitor for sale conveyancing in North Shields and Tynemouth. I happened to chance upon a site which looks to be the ideal answer If it is possible to get all formalities done via email that would be ideal. Do I need to be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am purchasing a maisonette and cash is in place. I have provided solicitor with two distinct proof of photographic ID, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer acknowledging that the funds are legitimate and that it has come from inheritance and not dealing E's in Ibiza.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your North Shields and Tynemouth conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.