All was ready to move into my new home in Herefordshire next Thursday. My property lawyer 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 mortgage company. What does the insurance need 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 UK Finance Lenders’ Handbook conditions. These obligations are not unique to conveyancing in Herefordshire.
A friend advised me that in buying a property in Herefordshire there could be a number of restrictions prohibiting external alterations to a property. Is this right?
We are aware of anumerous of properties in Herefordshire which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Herefordshire should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Herefordshire conveyancing solicitors on the Nationwide conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. The majority of banks do permit licenced conveyancers on their panel and in such a situation the firms would be regulated by the CLC.
I have decided to exercise my right to buy my property in Herefordshire off the council. I have a mortgage agreed with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The lawyers who did the conveyancing in Herefordshire 10 years ago are no longer around. Will I be able to sell the house?
Assuming you have a registered title the details of your proprietorship will be retained by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, identify your house and get up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
I am looking for a leasehold apartment up to £305k and identified one near me in Herefordshire I like with a park and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Herefordshire for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I am selling my property. My past solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Herefordshire if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Herefordshire. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.