I am hoping to complete my purchase in Marlborough next Monday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
All property lawyers 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 limited to conveyancing in Marlborough.
What does my ID and proof of funds have anything to do with my conveyancing in Marlborough? Is this really warranted?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with before they can accept their conveyancing retainer. The Terms of Engagement that you are required to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to provide ID verification documents, your conveyancer will not be able to take you on as a client.
About to place a bid on a leasehold flat in Marlborough. The selling agents say that it is usual for flats in Marlborough to have less than 75 years remaining. I am getting a loan with Accord Mortgages. Is this going to be acceptable if the lease has Seventy One years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/1/2026 the requirements read as follows :
We are one month into a residential purchase having been recommend to a firm by the local agent to execute conveyancing in Marlborough. I am am extremely disappointed with the quality of service. Could you you assist me in finding new solicitors?
They would need to be really poor to suggest replacing them. Has your loan offer been issued? In the event that it has you need to advise them of the replacement solicitor and ensure the offer are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company approved list to avoid escalating fees and frustration. That should be your first question of the new lawyers. The find a solicitor tool will assist you in finding a bank approved conveyancer for your conveyancing in Marlborough
My hope is to acquire a ground floor apartment in Marlborough. Conveyancing solicitor has been awaiting, from the owner, building insurance documents. This morning I was informed that the owner needs to forward the insurance schedule for the flat above also. Why does my property lawyer need to review the insurance for the flat above? Is it really required? We have been in hold for the previous fortnight…
It is not unheard of in leasehold conveyancing in Marlborough to find Conveyancing in Marlborough in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the freeholder insuring the whole block - which is definitely preferable. You should double check with your property lawyer but it would appear that your conveyancer is looking to establish that the entire building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated for lack of insurance.