Due to move into my new home in Moss Nook next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the bank expect the insurance 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 requirements. These requirements are not specific to conveyancing in Moss Nook.
Having sold my house in Moss Nook last December yet the purchaser is calling daily to moan that their solicitor needs to hear from mine. What should have happened now that I have sold?
After completion of your house sale your conveyancer is obliged to send the transfer deeds and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There are no post completion steps specific conveyancing in Moss Nook.
How do I find out if the solicitor carrying out my conveyancing in Moss Nook is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus spending £192.00 in another set of conveyancing charges.
Please do take advantage of the search tool on this site. Pick the mortgage company and type ‘Moss Nook’ or your preferred area and you will discover numerous solicitors located in Moss Nook or nearest you.
Back In 2002, I bought a leasehold house in Moss Nook. Conveyancing and Britannia mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Moss Nook who previously acted has now retired. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Moss Nook conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Moss Nook Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying
Who is in charge of the block? How much is the ground rent and service charge? You should be aware that where the lease has no more than 80 years it will impact the salability of the apartment. It is worth checking with your bank that they are happy with residual term of the lease. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease at some point and it is worth discovering how much this would cost. For most Moss Nooklease extensions you would need to own the residence for 24 months in order to be legally able to extend the lease.
Are you able to set out the aspects of conveyancing handled by Moss Nook conveyancing organisations?
Most Moss Nook conveyancing firms tend to handle a number of legal advice to home and land owners, vendors, first time buyers, freeholders and leaseholders which may include:
Residential sale conveyancing in Moss Nook or throughout the rest of the country
Property purchase conveyancing in Moss Nook and beyond
Advice on purchasing property as co-owners All types of leasehold premises including, flats and maisonettes Equity transfer between partners and families Tenancy and licence agreements