I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Blandford Forum. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/9/2020, the requirements read as follows :
My partner and I are planning on selling our home in Blandford Forum and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Blandford Forum lawyer would know this is not the case. It does beg the question why the buyers are using a national conveyancing firm rather than a conveyancing solicitor in Blandford Forum. Having lived in Blandford Forum for three years we know that this is a non issue. Should we contact our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
The deeds to our house can not be found. The lawyers who did the conveyancing in Blandford Forum 4 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical deeds to evidence that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Blandford Forum differ for newly converted properties?
Most buyers of new build residence in Blandford Forum come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Blandford Forum tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Blandford Forum or who has acted in the same development.
I'm refinancing my existing home to a BTL loan with Coventry Building Society and intend to use the remaining equity as a down payment on a second house. The location we are interested in is Blandford Forum. Will your solicitors be able to act for the two lenders and tie in the two deals?
Do use our comparison tool on this page to be sure that the solicitors are approved by both banks. Assuming that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and communicate your desired outcome and needs.