Due to complete my purchase in Elmers End next Thursday. My conveyancer now wants me to supply her with proof 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 does the insurance need to cover?
All property lawyers 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 Elmers End.
I am close to exchanging contracts on the sale of our home in Elmers End and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a factory type conveyancing firm rather than a conveyancing solicitor in Elmers End. Having lived in Elmers End for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to enquire of 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 health insurance to cover that same sickness)
I am looking for a ground for flat up to £245,000 and identified one near me in Elmers End I like with a park and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in Elmers End suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
What tools are available to locate a Elmers End solicitor on the Coventry Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 25miles to meet the solicitor.
Feel free to make use of the facility on this page. Please pick a bank and your location and you will see a number of Elmers End conveyancing lawyers located nearest you. We have detailed some Elmers End conveyancing firms at the bottom of this page and you can call them to check whether they are on the Coventry Building Society member panel
My step-father has recommend that I use his conveyancers in Elmers End. Do I take his recommendation?
No doubt the best way to find a conveyancing practitioner is to get referrals from friends or family who have actually used the solicitor you're considering.