Will my conveyancing lawyers need to check that the building insurance when buying a house in Hampton Wick. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/4/2024, the requirements read as follows :

My wife and I are buying a property in Hampton Wick. It might be a silly question but how we can trust a lawyer? On completion day we will need to send money into their account. What is the protection we have from them run away with our monies?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

We are purchasing a terrace house in Hampton Wick. We would like to carry out an extension to the side at the house.Will legal investigations on the property include checks to see if these works were previously refused?

Your solicitor will review the deeds as conveyancing in Hampton Wick will on occasion reveal restrictions in the title documents which prevent categories of alterations or need the consent of a 3rd party. Some extensions require local authority planning consent and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.

I am due to exchange contracts on my flat. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Co-operative are being a right pain. The Hampton Wick solicitor who is on the Co-operative conveyancing panel is saying indemnity insurance will be fine but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?

It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

I am buying my first flat in Hampton Wick benefiting from help to buy. The builders would not move on the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not reveal to my conveyancer about this side-deal as it may adversely affect my loan with Bank of Scotland. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Am I best advised to go with a Hampton Wick conveyancing lawyer in close proximity to the house I am buying? I have an old university friend who can deal with the legal formalities however they are based 300miles away.

The primary upside of using a local Hampton Wick conveyancing firm is that you can pop in to sign paperwork, present your ID and pester them where appropriate. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were happy that should surpass using an unknown Hampton Wick conveyancing lawyer just because they are local.

We had our home loan agreed in principle on Monday with our bank. We are using a reputable conveyancer in Hampton Wick yesterday. Today, our mortgage adviser called to say that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the mortgage company had some control over our choice Is this usual?

You can actually choose any conveyencer you want to appoint for your conveyancing in Hampton Wick nevertheless if they are not on the your bank's approved list you will have to incur additional cost so your lender can appoint their own lawyers. sometimes it is conceivable that your solicitor may apply to get included on to the lender panel. Do make the most of internet tools such as lenderpanel.com to find a conveyancing solcitor in Hampton Wick on the bank panel. You can go into your local lender branch in Hampton Wick. They can recommend conveyancing solicitors in Hampton Wick on the panel for your bank.