I have just been advised by my financial adviser that my Chadwell St Mary property lawyer is not on the bank Conveyancing panel. How can I be certain that this is indeed the case?
The sensible course of action for you to take is to call your Chadwell St Mary lawyer directly. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a Chadwell St Mary conveyancing practice that is on the conveyancing panel for your bank.
Due to complete my purchase in Chadwell St Mary next Tuesday. 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 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 conditions. These obligations are not specific to conveyancing in Chadwell St Mary.
I am thinking of mortgaging my property in Chadwell St Mary, does my lawyer need to be on the Bank of Ireland Solicitor panel?
In theory, you could use a solicitor that is not on the Bank of Ireland conveyancing panel, but Bank of Ireland would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We are buying a property and the conveyancer has raised the issue of Chancel Repair to which the property could be obligated to pay given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly required for conveyancing in Chadwell St Mary
Unless a prior acquisition of the property took place after 12 October 2013 you may expect conveyancing practitioners handling conveyancing in Chadwell St Mary to continue to propose a a chancel search and or insurance against a claim.
Builders have put forward a lawyer and I've obtained a quote from them. They are nearly £250 less expensive than my own Chadwell St Mary conveyancer. What's the catch?
Builders frequently have lists of solicitors who are quick and who know the seller’s contract and property lawyer. As many developers offer an inducement to use their approved lawyer for this reason, any increased charges can be avoided and a builder will not suggest a conveyancing factory and run the risk of having the transaction delayed when they need an exchange inside a month. A counter-argument for not opting for the suggested solicitor is that they may prove reluctant to 'push' your interests for fear of upsetting the developer. If you worry that this may be the case you should remain with your local Chadwell St Mary conveyancer.