Due to complete my purchase in Norfolk next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What risks does the bank expect the insurance 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 Part 2 conditions. These requirements are not unique to conveyancing in Norfolk.
We are planning to acquire a property and require a conveyancing solicitor in Norfolk who is on the Clydesdale solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Norfolk.
I have 7378 less than 75 years unexpired on my lease and require a lease extension for my flat in Norfolk. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/9/2020 the requirements read as follows :
My relative recommended that where I am purchasing in Norfolk I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Norfolk conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Norfolk around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Norfolk Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Norfolk Education with maps and statistics, Local Amenities and other useful information about Norfolk.
How do I use the search facility to find a conveyancing lawyer in Norfolk on the panel for my bank?
1st select a mortgage company such as HSBC Bank, Bank of Scotland or Platform Home Loans Ltd then choose your location a common one being Norfolk. Conveyancing organisations in Norfolk and across England and Wales should be shown.