Can you help - my lawyer says that flying freehold insurance is needed on my purchase. What is the level of cover for Gerrards Cross conveyancing?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Barclays and The Royal Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such policies.
We were going to get a OIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Gerrards Cross solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Gerrards Cross solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I was told four weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Gerrards Cross is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who dealt with the conveyancing in Gerrards Cross 10 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to hold title deeds to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Gerrards Cross is where the house is located. Can you offer any advice?
Flying freeholds in Gerrards Cross are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gerrards Cross you must be sure that your lawyer goes 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 Gerrards Cross may decide 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.
Is it simple use your search app to find a conveyancing lawyer in Gerrards Cross on the panel for my mortgage?
First select a bank such as HSBC Bank, Chelsea Building Society or TSB then choose your location for example Gerrards Cross. Conveyancing practices in Gerrards Cross and further afield will then be identified.
I am buying a garden flat in Gerrards Cross. Conveyancing lawyer has been awaiting, from the seller, building insurance paperwork. This afternoon I was advised that the vendor must forward the insurance paperwork for the flat above as well. Why would my conveyancer need to check the insurance for the flat above? Is it really required? We have been in hold for the last 4 weeks…
It is not impossible in leasehold conveyancing in Gerrards Cross to find Conveyancing in Gerrards Cross in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats as opposed to the landlord insuring the whole building - which is definitely better. You should double check with your conveyancing practitioner but it would appear that your conveyancer is attempting to establish that the whole building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed due to lack of insurance cover.