All was ready to move into my new home in Sandbanks next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the mortgage company. 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 Part 2 instructions. These obligations are not specific to conveyancing in Sandbanks.
Can I use your services to locate a Conveyancing solicitor in Sandbanks even if I’m not purchasing or disposing of a house, for example where I wish to acquire a shop in Sandbanks with a loan from Barnsley Building Society?
Our comparison service is primarily utilised to select domestic conveyancing solicitors in Sandbanks but we have listed towards the bottom of this page a selection of Sandbanks commercial conveyancing firms. You will need to make contact with the company directly to check if they are also authorised to represent Barnsley Building Society
My grandmother passed away six months ago and as sole heir and executor I was left the house in Sandbanks. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Principality will require that you use a conveyancer on the Principality conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality mortgage is registered as a charge at the Land Registry.
I used Arc property Solicitors a few years past for my conveyancing in Sandbanks. Now, I need the documents however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sandbanks of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Me and my partner have just had an offer agreed on a house and had meeting on Friday with Nationwide for the mortgage. They warned us that when it comes to appointing a lawyer that if they are not on their approved list of lawyers then we will be subject to an a further charge of £200. This is is due to the fact that they would then have to instruct a property lawyer to act for them as well as the one we choose to act on our behalf and we are liable for their invoice. I have requested Nationwide to furnish me with a list so I can obtain quotes only from their approved solicitors but was told they dont have such a list to hand over. Is their an easier way of going about this?
You can enquire of Nationwide what their panel criteria is for a solicitor.Thereafter ask the property lawyer of your choice whether they meet the criteria and have they acted on loans for Nationwide previously. Where the answer to those is yes, then just double check with Nationwide. Alternatively please utilise our search tool and we may be able to find you a conveyancing practitioner in Sandbanks on the panel for Nationwide.