All was ready to complete my purchase in Rutland next Monday. My conveyancing practitioner 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 bank. What does the insurance need 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 instructions. These obligations are not limited to conveyancing in Rutland.
I am in the process of refinancing my house in Rutland, does my lawyer need to be on the Clydesdale Solicitor panel?
In theory, you could use a solicitor that is not on the Clydesdale conveyancing panel, but Clydesdale would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I have justbecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Rutland for a purchase of a leasehold flat 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Rutland conveyancing specialists.
What tools are available to locate a Rutland law firm on the Nationwide Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the solicitor.
You can use the search on this page. Please pick a bank and your location and you will see a number of Rutland conveyancing lawyers based on proximity. We have listed some Rutland conveyancing firms towards the end of this page and you can ring them to check whether they are on the Nationwide Building Society panel
We recently discovered that one of the directors of the law firm acting on the purchase conveyancing in Rutland is a relative of the owners that we are buying from. Is this acceptable?
On the basis that there is no conflict of interest this should be fine. If you are requiring mortgage finance then the lender may have a say as many mortgage companies have specific requirements concerning this. For example for Royal Bank of Scotland as of 10/9/2020, the requirements read as follows :