I am hoping to complete my purchase in Mudeford next Friday. My conveyancer now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What risks does the lender expect the insurance 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 instructions. These obligations are not specific to conveyancing in Mudeford.

It is 10 years ago since I acquired my property in Mudeford. Conveyancing solicitors have just been retained on the sale but I am unable to find my deeds. Will this jeopardise the sale?

Don’t worry too much. Firstly there is a possibility that the deeds will be retained by your mortgage company or they may be in the possession of the solicitor who acted in the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Most conveyancing in Mudeford relates to registered property but in the rare situation where your home is not registered it is more tricky but is resolvable.

Do I need to pay for insurance to address the risk of chancel repairs when purchasing a residence in Mudeford?

Unless a prior acquisition of the premises completed post 12 October 2013 you may expect lawyers conducting conveyancing in Mudeford to continue to recommend a chancel search and or insurance against a claim.

Planning to sign contracts shortly on a basement flat in Mudeford. Conveyancing lawyers inform me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Mudeford should include some of the following:

Repair and maintenance of the property You should know if the lease permits you to alter or upgrade aspects of the property- you should be made aware as to whether any restrictions relates to all alterations or just structural alteration, and whether permission is mandated necessary You should have a good understanding of the building insurance provisions You should receive a copy of the lease How long the lease is. You should be advised as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years

I inherited a 2 bed flat in Mudeford, conveyancing formalities finalised 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Mudeford with over 90 years remaining are worth £197,000. The ground rent is £55 levied per year. The lease expires on 21st October 2078

You have 55 years left to run we estimate the premium for your lease extension to be between £31,400 and £36,200 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.

I have miscalculated my finances and am a few thousand pounds short a 10% deposit on my house purchase in Mudeford , but I am anxious go ahead. Do I have options?

One option is to try and agree a lower deposit. Many sellers will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute