All was ready to move into my new home in Bodfari 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 risks does the mortgage company expect the insurance to cover?

All property lawyers 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 UK Finance Lenders’ Handbook conditions. These requirements are not specific to conveyancing in Bodfari.

Should commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Bodfari?

Its becoming the norm that commercial conveyancing solicitors in Bodfari will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Bodfari. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bodfari.

For every commercial conveyancing transaction in Bodfari it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Bodfari commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Bodfari.

I am buying my first flat in Bodfari with a mortgage from Clydesdale. The builders refused to budge the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not reveal to my lawyer about this deal as it could put at risk my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Bodfari is where the house is located. What do you suggest?

Flying freeholds in Bodfari are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bodfari you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bodfari may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I pay a service charge for my flat in Bodfari. As a result of personal circumstances I fell behind with payments. I negotiated a settlement schedule but there remains a couple of remaining to be paid.

I now wish to dispose of the property and I am panicking this will hold me back if I have to settle the arrears in advance. I'd like to sell up and subsequently repay the arrears from the completion monies - is this achievable?

The property lawyer conducting your Bodfari sale will hopefully be in a position to negotiate with the management company, with a new to seeing if they would accept settlement out of the sale proceeds. Here is an example of why it is advisable to choose a property lawyer in Bodfari as they are likely to enjoy an established relationship with the parties.