Due to complete my purchase in Sawbridgeworth 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 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 instructions. These obligations are not unique to conveyancing in Sawbridgeworth.

A colleague suggested that if I am buying in Sawbridgeworth I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is sometimes quoted for as part of the standard Sawbridgeworth conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Sawbridgeworth around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Sawbridgeworth Education with maps and statistics, Local Amenities and other useful information regarding Sawbridgeworth.

I'm purchasing a new build house in Sawbridgeworth with a mortgage from . The developers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not to tell my conveyancer about this extras as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Due to the advice of my in-laws I had a survey completed on a property in Sawbridgeworth ahead of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some lenders will refuse to grant a loan on a flying freehold property.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sawbridgeworth. Conveyancing will be smoother if you use a solicitor in Sawbridgeworth especially if they are accustomed to such properties in Sawbridgeworth.

Sawbridgeworth Conveyancing for Leasehold Flats - A selection of Questions you should consider before Purchasing

Is the freehold reversion owned jointly by the leaseholders? The answer will be helpful as a) areas could cause problems in the block as the common areas may begin to deteriorate if maintenance are not paid for b) if the tenants have an issue with the managing agents you will wish to have full disclosure