I am hoping to move into my new home in Easthampstead next Monday. My conveyancer now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the bank. What risks does the mortgage company expect the insurance 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 Part 2 requirements. These obligations are not specific to conveyancing in Easthampstead.
We hope to to buy with Coventry BS. I popped in 3 or 4 high street practices but cant to find a Easthampstead conveyancing firm on the Coventry BS approved list. Could you assist?
You should make use of the search tool on this web page. Please choose the building society and type Easthampstead or your location and you will see numerous conveyancers based in Easthampstead or by proximity to you.
My wife and I are selling our home in Easthampstead and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing outfit rather than a conveyancing solicitor in Easthampstead. We have lived in Easthampstead for six years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? 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)
I am purchasing a new build house in Easthampstead with the aid of help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my lawyer about the side-deal as it may affect my mortgage 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 am a couple of weeks into a freehold purchase having been recommend to a firm by the estate agent to do our conveyancing in Easthampstead. I am am starting to be frustrated with the level of service. Can you you assist me in finding new conveyancers?
They would need to be very bad in order to consider replacing them. Has your mortgage offer been issued? If so you must advise them of the replacement lawyer and have the mortgage documents are re-issued. Your new conveyancer should be on the lenders approved list to avoid added charges and delays. So that should be your first question of the new lawyers. The find a solicitor tool will assist you in finding a bank approved lawyer for your conveyancing in Easthampstead