I am hoping to complete my purchase in Luton next Monday. 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 bank. What does the insurance need to cover?
Any lawyer on acting for lenders 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 requirements are not specific to conveyancing in Luton.
We note that you have a search directory listing firms on the Nationwide conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Luton?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Luton.
My property lawyer in Luton is not listed on the Aldermore Approved Panel. Can I still continue with my prefered solicitor notwithstanding that they are not on the Aldermore list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Luton lawyers but Aldermore will need to use a lawyer on their panel. This will inevitably rack up the overall legal fees as well as cause frustration.
- Choose an alternative lawyer to to deal with the conveyancing, not forgetting to check they are on the Aldermore panel
This question may be naive but I am unseasoned as a first time buyer of a garden flat in Luton. Do I collect the keys to the house on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Luton?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you will be invited to collect the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
When it comes to lenders such as UBS, do Luton lawyers have to pay a yearly amount to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Is there a list of Clydesdale panel conveyancers in Luton on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings visible over the internet. Where you are in need of a Luton property lawyer on the Clydesdale please use our tool.
I used Wolstenholmes several years past for my conveyancing in Luton. I now require my file however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Luton of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.