All was ready to complete my purchase in Aigburth next Monday. 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 bank. What does the insurance need to cover?
Any lawyer on acting for banks 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 instructions. These requirements are not specific to conveyancing in Aigburth.
We are buying a property and require a conveyancing solicitor in Aigburth who is on the UBS solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for UBS . We don't recommend any particular firms conducting conveyancing in Aigburth.
My wife and I have recently appointed a conveyancing solicitor in Aigburth. I need to find out if they are on the Accord Mortgages Ltd approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should phone the solicitor and ask them if they are on the lender panel. Alternatively please call Accord Mortgages Ltd who may be able to confirm.
How can we tell if a Aigburth conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Aigburth getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer handling your conveyancing.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Aigburth property lawyer on the Nationwide panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
My offer on a property in Aigburth has been agreed to, the owners do nevertheless have a dependent purchase. The sellers have offered on a property, but it’s not yet agreed to, and have viewings of other apartments booked. I have chosen a nearby conveyancing solicitor in Aigburth. What should be my next step? When do I get the mortgage application with Co-operative going?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then valuation, Aigburth conveyancing search charges, etc). First, you must ensure that your solicitor is on the Co-operative approved list. Concerning the next stages this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. During a buoyant market some purchasers will apply for the mortgage with Co-operative and pay for the valuation and only if it comes back ok would they ask their conveyancing practitioner to press on with searches.
It has been 3 months following my purchase conveyancing in Aigburth completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 residence 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.